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India’s oil refiners sourcing crude from West Asia are facing freight increases of as much as $300,000 per day. This comes after global marine insurers imposed an additional war risk premium of 0.35-4 per cent of the value of the ship for every transit...

This is your first visit to the country in your new capacity, and at the same time, the BJP government has entered its second term. What do you expect from the government in terms of your business and the global trade? We are optimistic...

RITES Ltd, the transport infrastructure consultancy and engineering firm, has registered a net profit of ₹132 crore for quarter ended March 2019, up 70 per cent over ₹77.45 crore against fourth quarter, fiscal 2018. The public sector units’ total revenue has gone up by...

Pakistani airspace on its eastern border with India will remain closed until June 14, a civil aviation official said on Wednesday, the latest extension months after a stand-off between the arch rivals. Pakistan closed its airspace in February after a suicide attack by a...

Aviation software provider Ramco Systems on Thursday said it has won an enterprise, resource, planning (ERP) modernisation programme from Air Caledonie, the domestic airline of New Caledonia. Air Caledonie (Societe Caledonienne de Transports Aeriens) operates passenger and cargo flights. New Caledonia is located in...

After the implementation of GST and e-way Bill, trucks have been able to cover 10-15 per cent more distance in a day than what they used to do in the pre-GST era, helping in reduce cost of logistics, said Mahindra Logistics, which saw a...

In a huge respite to passengers reeling under the impact of exorbitant fares since the grounding of Jet Airways, national carrier Air India on Friday said it will sell last-minutes tickets at a “hefty discount”. Earlier, an airline official had told PTI that it...

A glimmer of hope emerged for Jet Airways on Friday as Etihad placed a financial bid for acquiring a stake in the troubled airline, the only one to do so. But the gesture may not be enough to save the airline as the Abu...

With the grounding of Jet Airways leaving tens of hundreds of trained staff up for grabs, there can be a short-term salary correction in the industry, as there are not enough jobs in the market due to the supply glut, say headhunters. Teetering for...

Krishnapatnam Port Company Ltd., (KPCL) near Nellore in Andhra Pradesh, is planning to set up one of the biggest liquid cargo terminals on the east coast along with three terminals, said a top official. “We have set aside 900 acres of land and ₹500...