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"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 >
New Delhi/Mangaluru: Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Tuesday inaugurated the Golden Jubilee celebrations of the New Mangalore Port Authority (NMPA) and launched eight development projects, reinforcing India's commitment to maritime modernization and sustainability. At a grand ceremony at Bharat Mandapam, the event began with the lighting of a traditional lamp, followed by the release of a commemorative postal stamp, coin, and anthem marking 50 years of NMP ...Read More >
UK-based Investec initiated coverage on Adani Ports with a buy rating and a target price of Rs 1,715, implying 23.5% upside from the previous close. The brokerage highlighted strong organic growth potential, efficient operations, a robust balance sheet, and deleveraging, projecting 15% revenue CAGR over FY25-30. Adani Ports' integrated logistics and marine services further enhance long-term growth prospects. UK-based Investec became the latest brokerage to initiate coverage on Adani Ports and S ...Read More >
[BENGALURU] Gold hit a record high on Thursday (Oct 16) as investors sought refuge in the metal amid persistent geopolitical and economic uncertainties, with expectations of US rate cuts and a weaker US dollar adding support. Spot gold rose 0.4 per cent to US$4,224.79 per ounce, as at 8.33 am, after hitting a record high of US$4,225.69. US gold futures for December delivery gained 0.9 per cent to US$4,239.70. Bullion, often seen as a safe-haven asset during periods of uncertainty, which tends ...Read More >
New Delhi [India] October 8 (ANI): Union Minister for Communications Jyotiraditya Scindia today said India is uniquely positioned to become the "Data Capital of the World," backed by the lowest data and voice rates globally and a strong focus on improving service quality and universal connectivity. Speaking at the inaugural session of the Satcom Summit - Space Networks for Universal Connectivity on the sidelines of the India Mobile Congress, Scindia said the Department of Telecommunications (Do ...Read More >
New Delhi [India] October 8 (ANI): Union Minister for Communications Jyotiraditya Scindia today said India is uniquely positioned to become the "Data Capital of the World," backed by the lowest data and voice rates globally and a strong focus on improving service quality and universal connectivity. Speaking at the inaugural session of the Satcom Summit - Space Networks for Universal Connectivity on the sidelines of the India Mobile Congress, Scindia said the Department of Telecommunications (Do ...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 Vis ...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. Offi ...Read More >
Vijayawada: A High-Level Committee (HLC), chaired by Union home minister Amit Shah approved a series of mitigation, recovery and reconstruction projects for nine states with a total outlay of Rs 4,645.60 crore. Andhra Pradesh is among the beneficiary states, with projects that are expected to significantly strengthen its disaster preparedness and resilience. The committee cleared the Urban Flood Risk Management Programme (UFRMP) Phase-2 covering 11 major cities across the country, including Visa ...Read More >
New Delhi: Prime Minister Narendra Modi may meet US President Donald Trump on the sidelines of the ASEAN Summit in Kuala Lumpur on October 26-27, if the American leader confirms his participation, according to reports. Modi is expected to travel to the Malaysian capital for the ASEAN-India Summit, which is held alongside the main ASEAN meet, and also attend the East Asia Summit where both India and the US are participants. Malaysian Prime Minister Anwar Ibrahim has already extended an invitation ...Read More >
New Delhi, Sep 30: The Indian Navy's First Training Squadron (1TS), comprising INS Tir, INS Sujata, INS Shardul and ICGS Sarathi, departed Port Mombasa, Kenya, on 28 September 2025 after a three-day port call. The visit concluded with a Passage Exercise (PASSEX) with Kenya Navy's KNS Shupavu, reinforcing maritime cooperation between the two countries. During the stay, the navies engaged in professional exchanges, cross-training visits and joint drills, including damage control and firefighting ...Read More >
US sanctions went into effect Monday on a major Indian port project in Iran, as President Donald Trump again showed his willingness to punish longstanding partner New Delhi in aid of his wider regional goals -- in this case to pressure Tehran. The sanctions on the Chabahar port come a day after wide UN sanctions also came back into force on Iran, as Trump, European allies and Israel have all targeted the country over its nuclear program. The first Trump administration issued a rare exemption i ...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 S ...Read More >
New Delhi: Kenya's Navy Commander, Major General Paul Owuor Otieno called on Chief of Army Staff (COAS) General Upendra Dwivedi in New Delhi on Monday with the discussions focusing on advancing bilateral defence cooperation and enhancing regional security. Major General Otieno and General Dwivedi discussed the prevailing geostrategic environment in the Indian Ocean Region (IOR) and reaffirmed their shared commitment to peace and stability. In a post on social media platform X, Additional Direc ...Read More >
New Delhi [India], September 29 (ANI): Kenyan Navy Commander, Major General Paul Owuor Otieno called on COAS General Upendra Dwivedi on Monday and held discussions on advancing the bilateral defence cooperation between the two maritime neighbours. Sharing the details in a post on X, the ADGPI noted that the leaders held deliberations on enhancing regional security, prevailing geostrategic environment in the Indian Ocean Region and reaffirmed their shared commitment to peace & stability. Also R ...Read More >
New Delhi [India], September 29 (ANI): Kenya's Navy Commander, Major General Paul Owuor Otenio received the Guard of Honour here in the national capital on Monday. He is on an official visit to India from September 28 to October 2. Also Read | Michigan Church Shooting: 2 Dead, 9 Injured in Shooting at Latter-Day Saints Church in US Grand Blanc, Gunman Killed, Donald Trump Condemns Attack. Earlier, he paid tributes at the National War Memorial. As per Kenya's Ministry of Defence, Major Genera ...Read More >
New Delhi [India], September 29 (ANI): Kenya's Navy Commander, Major General Paul Owuor Otenio paid tributes at the National War Memorial here in the national capital on Monday. He laid a wreath at the War memorial. He is on an official visit to India from September 28 to October 2. Also Read | Michigan Church Shooting: 2 Dead, 9 Injured in Shooting at Latter-Day Saints Church in US Grand Blanc, Gunman Killed, Donald Trump Condemns Attack. As per Kenya's Ministry of Defence, Major General Pau ...Read More >
New Delhi [India], September 29 (ANI): Kenya's Navy Commander, Major General Paul Owuor Otenio received the Guard of Honour here in the national capital on Monday. He is on an official visit to India from September 28 to October 2. Earlier, he paid tributes at the National War Memorial. As per Kenya's Ministry of Defence, Major General Paul Owuor Otenio is serving as the 14th Commander of the Kenya Navy. His career, spanning over three decades, is marked by a series of significant contributio ...Read More >
New Delhi [India], September 29 (ANI): Kenya's Navy Commander, Major General Paul Owuor Otenio paid tributes at the National War Memorial here in the national capital on Monday. He laid a wreath at the War memorial. He is on an official visit to India from September 28 to October 2. As per Kenya's Ministry of Defence, Major General Paul Owuor Otenio is serving as the 14th Commander of the Kenya Navy. His career, spanning over three decades, is marked by a series of significant contributions to ...Read More >
Telangana Chief Minister A. Revanth Reddy has asserted that his Government is committed to building and developing the Bharat Future City with global standards. The new city's development is planned in such a manner that it will become a discussion point for the top global cities. "The city has all qualifications to meet the standards of global cities." he said. Mr. Revanth Reddy was speaking after laying foundation stone for the Future City Development Authority building and the Radial road to ...Read More >
PG Electroplast (PGEL) shares price will remain in focus on September 29 after its subsidiary PG Technoplast acquired a 50-acre land parcel in Sri City, Andhra Pradesh. PGEL plans to invest around Rs 1,000 crore in developing state-of-the-art integrated manufacturing campus over the next 5 years. The first phase will focus on a refrigerator plant with an annual capacity of 1.2 million units, with commercial production expected by December 2026, company said. The site is also being designed to ...Read More >
Hyderabad: Chief minister A Revanth Reddy on Sunday stated that the Congress govt aims to attract Fortune 500 companies to Bharat Future City within 10 years, transforming it into a hub of global investment opportunities with top-tier infrastructure. Plans include bullet train connectivity from Future City to Amaravati-Chennai and Bengaluru, a 12-lane greenfield expressway to the Machilipatnam port, Metro rail connectivity to the international airport, advanced infrastructure such as an undergro ...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 ...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, S ...Read More >
Amaravati, Sep 26 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the state will be developed as a knowledge hub and a destination for future technology to achieve the "one family-one entrepreneur" goal. Addressing the Assembly, Naidu said the NDA alliance government has provided employment to 4.71 lakh youth through a focus on skill development. In addition, appointment orders were handed over to 15,941 teachers. "Andhra Pradesh will be developed as a knowledge hub and ...Read More >
Bhubaneswar: A preparatory meeting on Odisha's participation in India Maritime Week 2025 was convened by Usha Padhee, Principal Secretary of the Commerce & Transport Department. Senior officials from Paradip Port, Dhamra Port, Gopalpur Port, Subarnarekha Port, and representatives from related departments and agencies joined the meeting via video conferencing. At the outset, Padhee highlighted the significance of India Maritime Week as a premier national event that offers a unique platform to sh ...Read More >
The Enforcement Directorate (ED) alleged that the B C Jindal group and its promoters transferred around ₹505 crore abroad through sham transactions. Searches were conducted at 13 Delhi premises of the group and its directors for suspected FEMA violations, including round-tripping via overseas entities Topaz Enterprise DMCC and Garnet Enterprise DMCC. ED claimed inflated valuations facilitated the transfers. The Enforcement Directorate (ED) on Wednesday alleged that the B C Jindal group of comp ...Read More >
ANGUL: Jindal Steel on Friday commissioned the 5 million tonne per annum (MTPA) Bhagavati Subhadrika Blast Furnace-II at Angul, notching up a milestone of sorts in India's steelmaking industry. The ceremonial blow-in was led by company chairman Naveen Jindal. Commissioning of the blast furnace also makes Angul the largest single-location steel facility in the country. The steel maker said Bhagavati Subhadrika Blast Furnace, with a volume of 5,499 cubic metre, ranks among the world's largest an ...Read More >
New Delhi, Sep 26 (SocialNews.XYZ) India's seafarer workforce has grown from 1.25 lakh a decade ago to over three lakh today, placing the country among the top three global suppliers of trained seafarers, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said on Friday. This creates vast opportunities in navigation, ship operations, logistics, and allied maritime industries both in India and abroad, he added while addressing the 10th convocation of the Indian Maritime Univers ...Read More >
Angul: Jindal Steel has marked a major milestone in India's steelmaking industry by blowing in a 5 MTPA blast furnace. This achievement was realised with the commissioning of the Bhagavati Subhadrika Blast Furnace - II. The ceremonial "blow-in" was led by Chairman of Jindal Steel Naveen Jindal, establishing Angul as the largest single-location steel facility in the country. The Bhagavati Subhadrika Blast Furnace, with a useful volume of 5,499 m², ranks among the world's largest and most advanc ...Read More >
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