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SECTOR | 15 Dec 2024

Govt launches 'Jalvahak' scheme to boost cargo movement through waterways

Business Standard

The Union government on Sunday launched the 'Jalvahak' scheme to incentivise cargo movement via inland waterways, marking a major step towards promoting sustainable and cost-effective transportation across National Waterways 1 (Ganga), 2 (Brahmaputra), and 16 (Barak river). Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal flagged off three cargo ships and inaugurated the fixed scheduled service of vessels. He said the scheme aims to unlock the trade potential of inland waterways while reducing logistics costs and decongesting road and rail networks. Under the scheme, cargo owners transporting goods over distances exceeding 300 km via waterways will receive up to 35 per cent reimbursement on operating costs. The scheme will remain valid for three years and is designed to optimise supply chains for major shipping companies, freight forwarders, and trade bodies. The scheme is jointly implemented by the Inland Waterways Authority of India (IWAI) and Inland &...

Infrastructure

SECTOR | 14 Dec 2024, 11:45AM

Top 6 mutual funds exit 13 counters in Nov, including Jio Financial & Adani Ports

Economic Times

Largest domestic mutual fund houses by asset size.

Infrastructure

SECTOR | 13 Dec 2024, 01:37PM

No problem with Adani funding Colombo Port project: Sri Lankan minister

Business Standard

The Sri Lankan government wants to see the deep-water container terminal project at the Colombo port go ahead and has no issue with the Adani-led conglomerate using its own resources to fund it, ports minister Bimal Rathnayaka has said. In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project "is on track for commissioning by early next year" and added that the company will fund the ongoing project through "internal accruals", aligning with its capital management strategy. It is a very important project for revenue generation for the port, we are keen to see it going ahead," Rathnayaka told reporters during a tour of the port on Thursday. He said the Adani group's decision to reject funding from the US International Development Finance Corporation (DFC) was its own and Sri Lanka had no issues with it. The DFC, in November last year, agreed to provide a USD 553 million loan to support the development, construction, and operation of a deep-water container termi

Infrastructure

SECTOR | 13 Dec 2024, 12:49PM

Paradip and Kandla Ports cross 100 mt milestone in this fiscal, eye record cargo handling

Business Line

Both ports have implemented strategic measures to improve operational efficiency, including reduced turnaround times and optimized logistics costs.

Infrastructure

SECTOR | 12 Dec 2024

Nabard raises Rs 4,864 crore at 7.40%; IRFC raises Rs 2,345 cr at 7.09%

Business Standard

PNB looking to raise Rs 3,000 cr through tier-II bonds

Infrastructure

SECTOR | 11 Dec 2024

Adani Ports Sets New Record, Loads 20,586 MT Of HR Coils In 24 Hours

NDTV Profit

It also handled 35 rakes in a single day with 21 loaded rakes, 1 BCN, and 13 unloading/release rakes.

Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding

IBTimes India | 11 Dec 2024 2 more

Infrastructure

SECTOR | 11 Dec 2024

Stocks to Watch, Dec 11: RIL, Adani Ports, Awfis Space, Maruti Suzuki, IOB

Business Standard

Stocks to Watch, Dec 11: From RIL to Awis Space Solutions, here is a list of stocks that will be in the spotlight today

Infrastructure

SECTOR | 09 Dec 2024

Govt nod to Adani Krishnapatnam Port for petro import in 'public interest'

Business Standard

The notification to allow continued petroleum imports at Krishnapatnam Port had a positive impact on the shares of Adani Ports, which gained over 1 per cent intraday on the Bombay Stock Exchange

Govt allows Adani Krishnapatnam Port to import petroleum up to March 2026

Business Standard | 09 Dec 2024 1 more

Infrastructure

SECTOR | 08 Dec 2024

South Korea's ruling party vows orderly exit' for Yoon

Business Line

The party will prepare an orderly exit plan for Yoon, PPP leader Han Dong-hoon said in a prepared statement after meeting with the prime minister

South Korean Prez Yoon's impeachment fails as ruling party boycotts vote

Business Standard | 07 Dec 2024

Infrastructure

SECTOR | 06 Dec 2024

Stock Recommendations Today: NHPC, Sagility India, Adani Ports Among Top Picks By Market Experts

NDTV Profit

Avinash Gorakshakar, head of research at Profitmart and Kushal Gandhi, technical analyst at BP Equities answer queries.