India's ports in chaos as coronavirus lockdown hits operations
About $829 billion of goods traveled through India’s ports in 2018, according to data compiled by Bloomberg, the 13th most in the world. The country is also the third-biggest importer of crude oil and fourth-biggest of LNG, as well as a major buyer of coal and palm oil and an exporter of sugar.
Promoter releases pledge on 2 crore Adani Port shares
The promoter family trust holds 39.34 per cent in APSEZ.
Shipping Ministry asks authorities to exempt penalties for smooth operations at ports
In light of the Ministry of Home Affairs orders issued ...
Buy Adani Ports, target price Rs 400: CLSA
Markets have been worried about the rising promoter pledge but CLSA believes its founders have enough cover.
Some Indian ports declare force majeure, could delay crude discharge:D ocuments, sources
The federal shipping ministry has issued a letter allowing ports to use the COVID-19 pandemic as valid grounds to declare force majeure clause, according to a notification seen by Reuters. Declaration of force majeure could delay discharge of crude vessels, an Indian refining source told Reuters.
Major Ports Authority Bill introduced in Lok Sabha
Introducing the Major Ports Authority Bill, Shipping Minister Mansukh Mandaviya said the idea is not to privatise major ports but to give them more powers to take decisions in a competitive market.
Govt completes stake sale in Kamarajar Port for Rs 2,383 crore
Department of investment and public asset management (DIPAM) completed strategic disinvestment of GOI stake of 66.67% in Kamarajar Port Ltd .
Directorate General of Shipping issues advisory to ports for handling vessels
While international travel curbs have been put in place by many countries, including India, vessels will need to function as usual so that transportation of essential commodities is not hampered, the advisory said. The DGS has therefore, put in place a protocol to be followed in dealing with vessels and people on-board, to contain the spread of the disease.
Adani Ports raises Rs 125 crore via debentures
The said NCDs will be listed on the wholesale debt market segment of the BSE.
Kolkata Port Trust, India's oldest port, to lease area as big as London Docklands
Kolkata Port Trust is looking to lease its land as big as London Docklands to boost profit.
Stocks in the news: RIL, Aurobindo Pharma, Hero MotoCorp, Adani Ports, Future Retail and ONGC
Strides Pharma said it has ceased distribution of its ranitidine tablets in the US market.
Stocks in the news: YES Bank, Adani Ports, Lakshmi Vilas Bank and TCS
The committee of creditors (CoC) of grounded Jet Airways will meet on March 12.
Buy Adani Ports and SEZ, fair value Rs 470: Kotak Institutional Equities
A large part of the underlying debt exposure related to current share pledges relates to promoter funding to listed businesses, said Kotak. These entities have started performing well on an aggregate basis.
Board Meetings Today: ONGC, Adani Ports, Deepak Nitrite, Kalpataru Power
There are corporate actions that often bring material changes to a company, directly affecting stakeholders.
Cabinet approves exemption of IPGL from DPE guidelines
The government on Wednesday approved the exemption of India Ports Global Ltd from the Department of Public Enterprises (DPE) guidelines for smooth execution of Chabahar Port project.
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