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.
Kochi: DP World Cochin has welcomed MSC Ilaria, one of the largest container vessels to call at the International Container Transshipment Terminal, officials said on Saturday. In a statement, DP World said the vessel handled over 8,000 twenty-foot equivalent units (TEUs) -- including import, export, and transshipment volumes -- the "highest ever achieved in a single vessel operation" at the terminal. The new record surpasses the previous milestone of over 6,000 TEUs handled by MSC Aurora. "The arrival of MSC Ilaria underscores DP World Cochin's ability to handle next-generation Ultra Large Container Vessels (ULCVs) and support growing trade volumes with efficiency and reliability," the statement said. MSC Ilaria has a capacity of 16,616 TEUs, with an overall length of 366 metres, a beam of 51 metres, deadweight tonnage (DWT) of 171,079 tonnes, and a maximum draft of 17 metres, the statement added. DP World Cochin said it has significantly expanded the port's capacity through strategic infrastructure investments, including new Ship-to-Shore (STS) cranes, electrified Rubber-Tyred Gantry Cranes (e-RTGs), and expanded yard space, boosting the terminal's total capacity to around 1.4 million TEUs.
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
A third vessel, Jag Vikram, is still in the west of the Strait of Hormuz, the data showed. The U.S.-Israeli war against Iran has all but halted shipping through the strait, but Iran says "non-hostile vessels" may transit the waterway if they coordinate with Iranian authorities. Green Asha and Green Sanvi have crossed the Gulf area and are in the eastern Strait of Hormuz, the data showed, taking the total number of Indian-flagged LPG carriers that have traversed the Strait to eight. India is gr ...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. Also ...Read More >
Kochi: The Kerala High Court on Tuesday ordered the conditional arrest of MV MSC Palermo, a sister ship of MSC Elsa 3 that capsized off the Kerala coast on May 25, 2025. Justice Easwaran S issued the order while considering interim applications in four separate admiralty suits. The plaintiffs alleged that debris from MSC Elsa 3 damaged their fishing vessels and sought compensation. The court directed the arrest of MSC Palermo until security of around ₹2.6 crore is deposited. The claims in the ...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 >
New Delhi: Amid the escalating West Asia conflict, another India-flagged liquefied petroleum gas (LPG) tanker Green Sanvi has safely sailed eastbound through the Strait of Hormuz, emerging as the seventh Indian vessel to traverse this vital maritime passage, according to ship tracking data. The tanker utilised a specified corridor within Iran's territorial waters to navigate the strategically sensitive waterway, as reported by Madhyamam. The tanker is loaded with approximately 44,000 tonnes of LPG -- roughly half a day's pre-conflict consumption in India, as per industry experts. Two additio ...Read More >
New Delhi: Two more Indian-flagged LPG tankers have safely crossed the war-hit Strait of Hormuz and are headed for Indian ports even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday. LPG vessel Green Sanvi carrying 46,650 tonnes of LPG is scheduled to reach Indian port on April 7 while Green Asha with 15,500 tonnes of cargo is scheduled to touch Indian coast on April 9, said Mukesh Mangal, Additional Secretary in Ministry of Ports, Shipping & Waterways at a news briefing. "Indian maritime operations remain safe and uninterrupted amid West Asia crisis. 16 Indian- ...Read More >
Mumbai: The ministry of petroleum and natural gas on Wednesday identified 18 vessels trapped in war-torn Persian Gulf for speedy evacuation. According to the report submitted by directorate of shipping in Mumbai, five of these 18 vessels are Indian-flagged. These 18 vessels include four LPG carriers, three LNG carriers and 11 crude oil tankers. As per the report the ministry of ports, shipping & waterways (MoPSW), directorate of naval operations (DNO), the ministry of petroleum and natural gas (MoPNG), Information Fusion Centre - Indian Ocean Region (IFC-IOR) are working in tandem to evacuate ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Ahmedabad, June 8: The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times long ...Read More >
New Delhi, Jun 26 (PTI) In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing ...Read More >
New Delhi [India], June 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
It has brought Aizawl onto India's railway map after overcoming unprecedented challenges. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The Bairabi-Sairang railway line in Mizoram is ready for operation after 26 years of planning * The 51.38 km line includes 48 tunnels and over 40 bridges, crossing difficult terrain * Travel time between Guwahati and Aizawl will reduce from 18 to under 12 hours by rail Did our AI summary help? Let us know. A railway, first conceptualised 26 ...Read More >
Mumbai Monorail train stuck between two stations due to power failure (Image: Videograb/X) As continuous rains lash Mumbai leading to flooding, a monorail train got stuck on an elevated track in Mumbai's Vashi Gaon area on Tuesday due to a power supply issue. With several passengers stranded onboard, rescue operations started immediately. The fire brigade reached the spot in a bid to evacuate the passengers using crane. The Maha Mumbai Metro Operation Corporation said the monorail train had ex ...Read More >
Indian LPG tankers in Hormuz: India got some relief on Monday as two more Indian-flagged LPG tankers safely crossed the conflict-hit Strait of Hormuz and continued their journey towards Indian ports. Officials said Green Sanvi is carrying 46,650 tonnes of cargo and is likely to reach an Indian port on April 7. Another ship, Green Asha, is carrying 15,500 tonnes and is expected to arrive on April 9. At a briefing, Mukesh Mangal, Additional Secretary in the Ministry of Ports, Shipping & Waterways, gave an update on the situation. He said, "Indian maritime operations remain safe and uninterrupte ...Read More >
Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. Also Read | MSC IRINA, World's Largest Container Ship, To Make Historic Debut at Vizhinjam International Seaport. The MSC IRINA boasts an impressive capacity of 2 ...Read More >
New Delhi, Jun 26: In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing firm ...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 >
Deendayal Port Authority Kandla conducted a Triple Banking Ship-to-Ship (STS) operation, which is the first-ever at a strong tidal port Deendayal Port Authority, Kandla, on Monday announced that it has surpassed its Financial Year 2025-26 cargo handling target of 158.60 million tonnes, marking a significant milestone in India's maritime trade landscape. The port authority, one of the country's busiest major ports, said the achievement underscores a "mission accomplished" as it gears up to set a ...Read More >
Ahmedabad (Gujarat) [India], November 3 (ANI): Ambuja Cements, part of the diversified Adani Portfolio, on Monday reported that its consolidated Profit After Tax or net profits during the July-September 2025-26 quarter jumped 364 per cent year-on-year to Rs 2,302 crore. In the year ago quarter, it was Rs 496 crore. The Adani Adani company's consolidated revenue from operations during the quarter rose over 21 per cent Rs 9,174 crore, versus Rs 7,552 crore, its highest ever in Q2 series. Also Read | Donald Trump Says Pakistan 'Testing' Nuclear Weapons, Defends US' Decision To Resume Tests (Wat ...Read More >
Mumbai: An India-bound LPG tanker successfully crossed the strategic Strait of Hormuz, marking a major development as global shipping continues to be impacted by the ongoing West Asia war. According to live tracking data from Marine Traffic, the India-flagged tanker Green Sanvi has transited the crucial chokepoint and is now en route to Mumbai. The vessel, owned by Mitsui O.S.K. Lines, is carrying approximately 46,000 metric tonnes of liquefied petroleum gas (LPG). 7th India-Flagged Vessel To Cross Hormuz Strait Amid Escalating Tensions Green Sanvi is the seventh India-flagged merchant vess ...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 >
DP World has announced an extension of its Carbon Inset Programme after successfully registering more than 150,000 import containers since its inception in January. The programme, which commenced on 1 January 2025, is claimed to be the first initiative of its kind globally, providing cargo owners with 50kg CO2e of carbon credits for each loaded import container processed through DP World's UK terminals. This initiative aims to assist companies in addressing Scope 3 emissions within their supply ...Read More >
Mumbai, Jun 8 (PTI) Shiv Sena (UBT) leader Aaditya Thackeray on Sunday said his party is ready to come together with anyone who will work to protect the interests of Maharashtra and Marathi manoos, his statement coming amid the rapprochement buzz between the Uddhav Thackeray-led party and Raj Thackeray's Maharashtra Navnirman Sena (MNS). Talking to reporters here, Thackeray accused the BJP of "swallowing" Mumbai and Maharashtra. He said injustice is being meted out to Maharashtra by the BJP. "We have been saying this consistently. We are ready to work with anyone, any party that is ready to ...Read More >
New Delhi, Jun 8 (PTI) World's largest container ship MSC IRINA will make its first journey from the Vizhinjam International Seaport on Monday, Adani Ports and Special Economic Zone (APSEZ) said on Sunday. This will be the vessel's first visit to a South Asian port, it said. "The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Vizhinjam International Seaport on Monday morning and will be berthed till Tuesday" APSEZ said in a statement. With a length of 399.9 metres and a width of 61.3 metres, the vessel is appr ...Read More >
Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 met ...Read More >
Mumbai, Dec 18 (PTI) Cochin Shipyard Limited's wholly-owned subsidiary Udupi-Cochin Shipyard on Wednesday announced the launch of the Series of Six 3800 TDW general cargo vessels being built for Norway's Wilson ASA. The vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair, Cochin Shipyard Ltd said. Constructed as environment-friendly diesel-electric vessels for the transport of general cargo in the coastal wate ...Read More >
NEW DELHI: Non-fossil fuel sources now make up half of India's power generation capacity of 484.8 GW (gigawatt), a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in the Paris climate agreement."In a world seeking climate solutions India is showing the way," renewable energy minister Pralhad Joshi said in a post on X on Monday, crediting the progress to PM Modi's stewardship of "Bharat's green transformation towards a sustainable future".Modi has been pushing clean energy since taking over country's reins in 2 ...Read More >
Hyderabad: The GHMC said it ahd completed arrangements to ensure the smooth conduct of Ganesh Nimajjanam. On Monday, Commissioner R.V. Karnan inspected immersion facilities along PVNR Marg, reviewed barricading, lighting, crane setups and control room arrangements. Immersion points have been prepared at 20 major lakes and 72 artificial ponds. Across all locations, 134 static cranes and 259 mobile cranes have been installed. At Hussainsagar, in coordination with the tourism department, nine boats, Disaster Response Force (DRF) teams and 200 trained swimmers have been placed on standby. Thirtee ...Read More >
New Delhi, Apr 6 (PTI) Two more Indian-flagged LPG tankers have safely crossed the war-hit Strait of Hormuz and are headed for Indian ports even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday. LPG vessel Green Sanvi carrying 46,650 tonnes of LPG is scheduled to reach Indian port on April 7 while Green Asha with 15,500 tonnes of cargo is scheduled to touch Indian coast on April 9, said Mukesh Mangal, Additional Secretary in Ministry of Ports, Shipping & Waterways at a news briefing. "Indian maritime operations remain safe and uninterrupted amid West Asia crisis ...Read More >