India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Mumbai: The Shipping Corporation of India Ltd. (SCI) has announced a leadership change with the appointment of Shri Vikram Dingley as Director (Finance). This appointment is effective from July 1, 2025, until December 31, 2025, or until further notice. This decision follows approval from the Ministry of Ports, Shipping and Waterways, as stated in their official letter (Ref: SS-11012/4/2019-US(SU)) dated July 2, 2025. Shri Dingley will take on this role while continuing his current position as Director (Technical & Offshore Services) at SCI. Extensive Maritime Experience Shri Vikram Dingley has over 36 years of experience in the maritime industry. He graduated in Mechanical Engineering from Regional Engineering College, Srinagar, and holds a First Class Marine Engineer license. He joined SCI in 1989 and worked on various ships, eventually becoming Chief Engineer. In 2003, he moved to SCI's shore establishment and has held important roles in departments such as Ship Building, Tanker Technical, and Fleet Personnel. His expertise covers all aspects of technical operations, dry docking, vessel management, and project execution from start to finish. Board Representation In addition to his work at SCI, Shri Dingley is a board member of Inland & Coastal Shipping Ltd. (ICSL) and SCI Bharat IFSC Ltd., which are both wholly owned subsidiaries of SCI. SCI confirmed that Shri Dingley is not related to any current directors and has no disqualifications from any regulatory or judicial body. About SCI The Shipping Corporation of India Ltd. is a Navratna PSU under the Ministry of Ports, Shipping and Waterways. Headquartered in Mumbai, SCI plays a key role in supporting India's maritime trade through its diverse shipping and offshore service operations.
New Delhi [India], April 6 (ANI): The Union Ports, Shipping and Waterways Ministry on Monday stated that two Indian-flagged vessels carrying over 60,000 metric tonnes of LPG have transited through the Strait of Hormuz in recent days and are expected to reach India this week amid the ongoing conflict in West Asia. Speaking during an inter-ministerial briefing here, Additional Secretary in the Ministry of Ports, Shipping and Waterways, Mukesh Mangal, said the vessels - Green Sadhvi and Green Asha - are scheduled to arrive on April 7 and April 9, respectively, though timelines may change. Also ...Read More >
Cochin Shipyard Limited plans a Rs 15,000 crore shipyard in Tamil Nadu with a Korean partner. The project aims to create 10,000 jobs. CSL also partners with HD Korea for shipbuilding. They will use CSL's new dry dock to build large vessels. A Block Fabrication Facility is planned in Kochi, generating more jobs. Cochin Shipyard Limited is considering a greenfield investment of about Rs 15,000 crore to establish a shipyard in Tamil Nadu in collaboration with a Korean partner, an official statement ...Read More >
India is set to receive its first Iranian crude oil shipment in seven years after temporary US sanctions relief, a report has claimed. India is poised to receive its first shipment of crude oil from Iran in seven years after the United States temporarily lifted sanctions on Iranian oil and refined products to address supply shortages, according to a Reuters report citing ship tracking data from LSEG and Kpler. State-run Indian Oil Corp (IOC), the country's largest refiner, has purchased the car ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the Samudra Se Samriddhi - Transforming India Maritime Sector programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. The MOUs were signed on September 18th in the presence of Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, Dr Mansukh Mandaviya, Union Minister of Labour & Employm ...Read More >
New Delhi: India-flagged large gas carrier Green Sanvi has safely transited the Strait of Hormuz on Friday night, carrying approximately 46,650 metric tonnes of Liquefied Petroleum Gas (LPG) cargo, official sources said. Earlier on March 28, a shipment of 47,000 metric tonnes of liquefied petroleum gas (LPG) arrived at the Vadinar Terminal of DPA Kandla in Jamnagar, Gujarat, on Saturday. The vessel, MT Jag Vasant, is set to transfer its cargo to another ship at anchorage through a Ship-to-Ship (STS) operation. Indian Navy warships were on standby to provide support to the merchant vessels, ...Read More >
Mumbai : Swan Defence and Heavy Industries Limited (SDHI), India's largest shipbuilding and heavy fabrication company, has signed a strategic Memorandum of Understanding (MoU) with Samsung Heavy Industries, one of the world's leading shipbuilders in specialized and complex vessels. Both the partners will jointly explore commercial shipbuilding and heavy engineering projects across domestic and international markets. On the shipbuilding collaborations, the projects will encompass a wide range of commercial vessels, including tankers, gas carriers, container ships, and other specialized vessels. ...Read More >
Mumbai, Apr 6 (PTI) The Bombay High Court on Monday sought the response of the Deputy Director General of Shipping on the demand for DNA test of mortal remains made by the family of a 25-year-old seafarer killed in the West Asia conflict. Dixit Solanki was killed on March 4 after an explosive-laden drone boat struck oil tanker MT MKD Vyom off the Oman coast on March 1. He is reportedly the first Indian casualty of the conflict that erupted on February 28 after a joint US-Israel attack on Iran. His father Amratlal and sister Mitali had last week moved HC seeking directions to the Union govern ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
New Delhi [India], September 29 (ANI): The Korean shipbuilder, Samsung Heavy Industries on Monday announced its entry into the Indian shipbuilding industry through a partnership with Swan Defense and Heavy Industries in Gujarat, enhancing its participation in India state-led initiative to boost local shipbuilding. As per a report by The Korea Herald under this partnership, both the companies agreed to explore collaboration across a wide range of ocean projects, including engineering, procurement and management in shipbuilding. SDHI, India largest shipyard, accounts for 30 per cent of the cou ...Read More >
"Our ports have a very important role to play in making India a $30 trillion economy 2047," said Sonowal. Investments worth Rs 80 lakh crore would be made in the country's ports sector, minister for ports, shipping and waterways Sarbananda Sonowal said on October 15. Memorandums of understanding (MoUs) worth Rs 10 lakh crore would be signed during the Maritime Week, be held later this month in Mumbai, the minister said at a New Mangalore Port Authority's (NMPA) 50-year celebration event in New ...Read More >
India Maritime Week 2025: World's largest maritime gathering begins on Monday in Mumbai, Adani Ports to sign several MoUs with multiple Port Authorities The Ministry of Ports, Shipping and Waterways (MoPSW) is gearing up to host India Maritime Week 2025 (IMW 2025) from October 27 to 31 at the NESCO Grounds in Mumbai. According to a statement by the Ministry of Ports, Shipping and Waterways, this will be the largest maritime gathering globally, bringing together key stakeholders from across the maritime ecosystem. The event will see the presence of industry leaders, policymakers, and stakehold ...Read More >
An Indian liquefied petroleum gas (LPG) carrier, Shivalik, arrives at Mundra Port via the Strait of Hormuz, in Gujarat, India, March 16, 2026 Britain will host talks on Thursday aimed at forming a coalition of countries to explore ways to reopen the Strait of Hormuz after US President Donald Trump said securing the vital waterway was a problem for other nations to resolve. British foreign minister Yvette Cooper will chair the virtual meeting of about 35 countries including France, Germany, Italy, Canada and the United Arab Emirates around midday in London to explore ways to restore freedom o ...Read More >
New Delhi [India], April 6 (ANI): The Union Ports, Shipping and Waterways Ministry on Monday stated that two Indian-flagged vessels carrying over 60,000 metric tonnes of LPG have transited through the Strait of Hormuz in recent days and are expected to reach India this week amid the ongoing conflict in West Asia. Speaking during an inter-ministerial briefing here, Additional Secretary in the Ministry of Ports, Shipping and Waterways, Mukesh Mangal, said the vessels - Green Sadhvi and Green Asha - are scheduled to arrive on April 7 and April 9, respectively, though timelines may change. He no ...Read More >
New Delhi, June 26: Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India's maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as an NBFC with the Reserve Bank of India (RBI). As a sector-specific NBFC, the SMFCL is uniquely poised to br ...Read More >
Mumbai: The family of a young Indian seafarer who died in a suspected maritime attack has approached the Bombay High Court seeking the return of his mortal remains, stressing their right to perform last rites with dignity. Petition filed by father and daughter urges expedited process A petition filed by Amratlal Solanki (64) and his daughter Mitali Solanki (33), through advocates Satish Talekar and Madhvi Ayyappan, urges authorities to expedite the repatriation process. The plea cites a lack of clarity and communication from officials despite repeated follow-ups. The matter is likely to come ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the "Samudra Se Samriddhi - Transforming India's Maritime Sector" programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways' release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. Also Read | Karur Tragedy: Madras High Court Cancels Urgent Hearing on Stampede at Vijay's TVK Election Rally in Tamil Nadu. The MOUs were signed on September 18th in the presenc ...Read More >
Mumbai, September 29: Indian legend Sunil Gavaskar revealed that his heart had been pounding intensely while watching the Asia Cup 2025 final between India and Pakistan at Dubai International Cricket Stadium. The Men in Blue secured a convincing victory as they chased down a target of 147 runs with just two balls remaining, in what was a thrilling encounter. The win also marked India's third consecutive victory against Pakistan in the 2025 tournament, as well as the team's record-extending ninth title. From Dressing Room To Field of Play, Check Raw Emotions As Team India Beat Pakistan To Compl ...Read More >
NEW DELHI: Defence minister Rajnath Singh on Thursday said that there is "no dearth of fuel or gas in the country" and India is ready to deal with the energy crisis resulting from the ongoing West Asia conflict.In the first official acknowledgement of a TOI report that said Indian Navy had launched 'Operations Urja Suraksha' to provide security to India-bound cargo vessels in the conflict zone, Rajnath announced that "our Navy is safely escorting Indian tankers out of the Strait of Hormuz", the key chokepoint for maritime trade during the Gulf conflict.Speaking at a Sainik Samman Sammelan in p ...Read More >
New Delhi/Mumbai: Two India-flagged tankers hauling liquefied petroleum gas (LPG) arrived in the country after being cleared by Iran to transit the strategic Strait of Hormuz, even as two additional carriers, the BW Tyr and BW Elm, began their journey through the waterway on Saturday, officials aware of the matter said. According to the officials, the Jag Vasant, a 230-metre-long ship, dropped anchor around 8 pm on Friday at Vadinar, a terminal of the state-run Deendayal Port Authority (DPA), po ...Read More >
Samsung Heavy Industries signed a memorandum of understanding (MOU) with Indian shipmaker Swan Defence and Heavy Industries, a shipyard located in Gujarat, western India, to cooperate in the shipbuilding and offshore sectors, the Samsung subsidiary said Monday. Swan Defence and Heavy Industries operates India's largest dry dock -- measuring 662 meters (2,172 meters) by 65 meters -- and has the capacity to build very large crude carriers (VLCCs) and offshore facilities. Through the partnership, ...Read More >
A total of 24 Indian-flagged vessels with 677 Indian seafarers are currently located to the west of the Strait of Hormuz, while four vessels with 101 Indian seafarers are to the east of the crucial waterway, Rajesh Kumar Sinha, special secretary in the shipping ministry, told a briefing on developments in West Asia. Indians constitute almost 12% of the global seafaring workforce, with a total of more than 320,000 active sailors, and attacks on merchant vessels during recent conflicts in West Asi ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government that is non-communal. Only the Congress can do that. I have joined the Congress to be part of its fi ...Read More >
New Delhi [India], September 29 (ANI): The Korean shipbuilder, Samsung Heavy Industries on Monday announced its entry into the Indian shipbuilding industry through a partnership with Swan Defense and Heavy Industries in Gujarat, enhancing its participation in India's state-led initiative to boost local shipbuilding. As per a report by 'The Korea Herald' under this partnership, both the companies agreed to explore collaboration across a wide range of ocean projects, including engineering, procurement and management in shipbuilding. Also Read | Typhoon Bualoi: 11 Dead, 33 Wounded and 13 Still ...Read More >
New Delhi: State-run BEML Limited has announced to the exchanges that it has signed a strategic MoU with Sagarmala Finance Corporation Limited (SMFCL) to unlock dedicated financial support for India's domestic maritime manufacturing ecosystem. Sagarmala Finance Corporation Limited (SMFCL), is India's first maritime sector-specific Non-Banking Financial Company (NBFC). It was formally registered as an NBFC with the Reserve Bank of India (RBI) on June 19, 2025. SMFCL is a Mini Ratna Category-I Central Public Sector Enterprise under the Ministry of Ports, Shipping and Waterways (MoPSW), Govern ...Read More >
Visakhapatnam: Minister for Ports, Shipping and Waterways Sarbananda Sonowal will flag off the large gas carrier (VLGC) vessel Shivalik during its maiden call to India at Visakhapatnam Port on October 6 (Monday). The Shivalik has been recently acquired and inducted under the Indian flag by the Shipping Corporation of India (SCI) on September 10th, marking a significant milestone in India's maritime growth story. The vessel, operating under Indian ownership and flag, is scheduled to call at Visakhapatnam Port to unload her maiden consignment of LPG cargo. This momentous occasion signifies the ...Read More >
Our Indian Friends In Safe Hands, No Worries: Tehran Offers Assurance To New Delhi Amid Hormuz Naval Blockade Thursday, April 02, 2026 by Indian Defence News The Iranian government has issued a direct assurance to India regarding the safety and transit of its maritime assets through the Strait of Hormuz. Following a period of significant regional volatility, the Embassy of Iran in India took to social media to state that their "Indian friends" remain in safe hands and need not harbour concerns over the ongoing naval restrictions. The Strait of Hormuz serves as a vital artery for global comme ...Read More >
VISAKHAPATNAM: Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal will flag off the Very Large Gas Carrier (VLGC) Shivalik during its maiden call to India at Visakhapatnam Port on Monday. Shivalik, acquired and registered under the Indian flag by the Shipping Corporation of India (SCI) on September 10, 2025, marks a key milestone in India's maritime and energy sectors. The vessel will arrive at Visakhapatnam Port on October 6 to unload its maiden consignment of LPG cargo. Officials said the occasion underscores India's efforts to strengthen its gas logistics network, and adv ...Read More >
New Delhi: In a significant move, the India-flagged LPG tanker Green Sanvi successfully transited the Strait of Hormuz on Friday evening. The vessel is the seventh Indian gas carrier to navigate the volatile waterway since a major conflict erupted in West Asia in late February 2026, which has paralysed global shipping in the region. The Green Sanvi, a Very Large Gas Carrier (VLGC) owned by MOL India, is reportedly carrying approximately 46,655 metric tonnes of Liquefied Petroleum Gas. It is expected to dock at Mumbai by April 6. The transit was anything but routine. Amid an effective blocka ...Read More >
"These MoUs are a testament to India's maritime resurgence. By fostering collaboration between states, industries and global partners, we are unlocking a new era of shipbuilding and port-led growth. This is not only about infrastructure, it is about creating jobs, empowering communities and establishing India as a leading maritime nation in the world," added Sonowal. A MoU Exchange Ceremony took place on the eve of the "Samudra Se Samriddhi - Transforming India's Maritime Sector" programme on Se ...Read More >
Nearly 1,800 Indian nationals have left Iran via Armenia and Azerbaijan since the start of the West Asia conflict, while two Indian-flagged carriers laden with 62,000 metric tonnes of LPG are expected to reach Indian ports this week after safely transiting the Strait of Hormuz, officials said on Monday. Indian nationals wishing to leave Iran have had to make their way to Armenia and Azerbaijan via land border crossings as Iranian airspace has been closed since the start of hostilities on Februar ...Read More >