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SECTOR | 10 May 2025, 04:45PM

Maritime security raised to level 2 for Indian ports amid tensions

Business Standard

The Directorate General of Shipping has increased maritime security for Indian ports, terminals, and Indian-flagged vessels to "MARSEC Level 2 or heightened security", considering the ongoing conflict between India and Pakistan, a senior government official said. The directive was issued on May 8, the official added. The Directorate General of Shipping functions under the Ministry of Ports, Shipping and Waterways. The International Ship and Port Facility Security (ISPS) Code, developed by the International Maritime Organization (IMO), forms a crucial part of the SOLAS (Safety of Life at Sea) Convention. It was adopted in response to growing global concerns over maritime security, especially in the aftermath of the 9/11 attacks. One of the core components of the ISPS Code is the classification of security levels. These levels are designed to ensure that ships and port facilities can operate securely under varying threat environments. Security Level 2 involves maintaining of appropr

Ports, vessels on heightened maritime security measures, blackout protocols

Business Standard | 09 May 2025, 11:50PM

Infrastructure

SECTOR | 10 May 2025, 10:49AM

South Korea's conservative party seeks new candidate amid election turmoil

Business Standard

South Korea's embattled conservative party has taken the unprecedented step of nullifying its primary and replacing presidential candidate Kim Moon Soo with former Prime Minister Han Duck-soo just one week after Kim's selection, deepening internal turmoil ahead of the June 3 presidential by-election. Saturday's move by the People Power Party's leadership, which Kim denounced as an overnight political coup, underscores the desperation and disarray within the party following the ouster of former President Yoon Suk Yeol over his ill-fated attempt to impose martial law in December. Kim, a staunch conservative and former labour minister under Yoon, was named the PPP's presidential candidate on May 3 after winning 56.3% of the primary vote, defeating a reformist rival who had criticised Yoon's martial law. But the PPP's leadership, dominated by Yoon loyalists, has spent the past week pressuring Kim to step aside and back Han, whom they believe stands a stronger chance against liberal...

Infrastructure

SECTOR | 08 May 2025

IIFCL Q4 Results: Net Profit Soars 39% To Record Of Rs 2,165 Crore In Fiscal 2025

NDTV Profit

The net profit rose by 39% to Rs 2,165 crore in 2024-25 compared to Rs 1,552 crore in 2023-24, and a 42-time increase over 2019-2020, he said.

IIFCL FY25 results: Net profit soars 39% to record of 2,165 crore

Business Standard | 08 May 2025

Infrastructure

SECTOR | 08 May 2025

Markets hold steady despite mid-day volatility; Tata Motors leads gainers

Business Line

Tata Motors led the charge, rising 2.19% to 695.20, followed by Titan at 1.75%, HCL Technologies at 1.71%, Trent at 1.51%, and Adani Ports at 1.41%

Infrastructure

SECTOR | 06 May 2025

Pakistan to raise defence budget by 18% amid tensions with India: Report

Business Standard

Pakistan coalition government has endorsed an 18 per cent increase in defence spending to over Rs 2.5 trillion in the next budget due to tensions with India, according to a media report on Tuesday. The government is set to unveil the 2025-26 budget in the first week of the next month ahead of the start of the new fiscal year from July 1. India and Pakistan have witnessed heightened tensions since the April 22 terror attack in Jammu and Kashmir's Pahalgam that killed 26 people. The Express Tribune reported that the Pakistan Peoples Party (PPP) delegation, led by its chief Bilawal Bhutto Zardari, met with Prime Minister Shehbaz Sharif and his economic team to discuss the budget matters on Monday. The Pakistan Muslim League-Nawaz (PML-N)-led government shared roughly Rs 17.5 trillion worth of new budget framework with its key ally, the PPP, which agreed to 18 per cent increase in the defence outlay. There was a consensus between the PML-N and the PPP to increase the defence budget du

Infrastructure

SECTOR | 05 May 2025

Adani Green, ATGL cross 100-DMA after 7 mths; trading guide in Adani stocks

Business Standard

Shares of Adani Group can rally up to 20% from present levels, as key stocks - Adani Ports, Adani Green and Adani Total Gas crossed their key moving averages after a long-gap, technical charts show.