Union Shipping Secretary Gopal Krishna on Tuesday said relaxation of cabotage for foreign-registered vessels has helped reduce coastal shipping rates and Indian seaports like Krishnapatnam and Visakhapatnam are attracting a share of cargo which was previously transhipped at Singapore or Colombo. The Centre relaxed...

The Cochin Shipyard’s new dry dock project is expected to increase India’s share in global ship-building to 2 per cent, said Nitin Gadkari, Union Minister for Shipping, Road Transport & Highways. At present, India occupies 0.66 per cent share in global ship-building market, the...

Availability of working capital for the road transport sector is slowly being addressed, thanks to the intervention by the RBI. Earlier, there were restrictions on bank lending to NBFCs (Non-Banking Financial Companies), which in turn lend to transporters. However, the Reserve Bank of India...

Coal shipments — both thermal/steam and coking coal — handled by the 12 state-run ports saw a jump in the first half of FY19. The ports handled 51.452 million tonne (mt) of thermal and steam coal in the April-September period, against 41.473 mt in...

Air India is set to introduce the late-night Red-Eye flights on Delhi-Goa-Delhi, Delhi-Coimbatore-Delhi and Bangalore-Ahmedabad-Bangalore routes, from November 30. In a statement, the airline said these flights will operate daily on lower fares. “These late night flights, will be offered at fares considerably lower...

Union Minister Piyush Goyal said on Saturday that the Narendra Modi government discontinued the decades-old practice of presenting a separate railway budget to stop political parties from using it as a “tool” to win elections. Addressing the 5th India Ideas Conclave here, the railway...

Cochin Shipyard Ltd, India’s biggest state-owned shipbuilder by dock capacity, will start work on a Rs 1,799 crore new dry dock, its third, on Tuesday as the Mumbai-listed firm looks to expand capacity to tap potential for constructing and repairing specialized and technologically advanced...

Two people were killed and several injured in a stampede on a foot over-bridge at the Santragachi railway station late this evening. Senior Railways official saidthree trains - two long distance trains and a local passenger - came in at the same time leading...

Waiting in long queues to buy tickets at railway stations will now be a thing of the past as the railways’ UTS mobile app for buying unreserved tickets online will be available nationwide from November 1, a senior official said Tuesday. While the scheme...

Adani Ports and Special Economic Zone Ltd’s (APSEZ) net profit fell 38.10 per cent to Rs 614.23 crore in the July-September quarter of this fiscal against Rs 992.37 crore in the second quarter of FY18 as the company booked a higher mark to market...