T’puram: Adani ports will build a container freight station (CFS) on 100 acres near the port to handle Exim containers when cargo movement picks up. A CFS is important for a port to carry out Exim operations as goods in containers need to be screened, sorted and repacked.When the port starts Exim operations on Aug…
Chief minister VD Satheesan T’puram: CM V D Satheesan said his govt will not take a decision on the case alleging ADGP M R Ajith Kumar’s interference in altering a report on the alleged assault on Youth Congress workers in 2013 by security personnel of ex-CM Pinarayi Vijayan until the state police chief submits a…
T’puram: Kerala State Commission for Minorities criticized the authorities for failing to make Muthalapozhi fishing harbour safe despite its sustained interventions over the past two years, and directed that urgent measures be taken under the supervision of chief secretary.The commission had taken up the issue suo motu in 2024 based on media reports highlighting recurring…
T’puram: Chief minister V D Satheesan said that the state govt so far has spent Rs 3,764.54 crore on the Vizhinjam port project.In response to a written question from opposition MLAs in the state legislature, Satheesan said that in the first phase the Centre invested Rs 817.80 crore and Adani Ports has invested Rs 2,554…
A vessel at Vizhinjam port Thiruvananthapuram: The concern that Vizhinjam port will turn into a monopoly of Mediterranean Shipping Company (MSC) due to the company’s Rs 13,000-crore investment is misplaced because the port will remain a common utility like Adani Ennore Port.MSC Group’s subsidiary Terminal Investment Ltd (TIL) bought a 49% stake in Adani Ennore…
Adani Ports and SEZ (APSEZ) Ltd is moving to sell 49% of its stake in Kerala’s Vizhinjam port to Switzerland-based container shipping behemoth MSC Group for around $1.4 billion (more than Rs 13,000 crore). The state government, however, has said that it was kept in the dark about the development. According to the Congress-led government…
The warehouse will be leased for a period of three years Thiruvananthapuram: Seeking to tap the growing business opportunities generated by the rapid expansion of the Vizhinjam International Seaport Ltd, the Kerala Maritime Board (KMB) has proposed developing the Vizhinjam minor port under a public-private partnership (PPP) model to integrate its facilities with the adjoining…
Morgan Stanley maintained its overweight rating on Titan with the target price at Rs 5,182. Analysts projected a 19% annual jewellery revenue growth for Titan through FY30. The company is aiming to increase market share from 8.5% to 11%. Its gold exchange programs now drive about 50% of the revenue, and despite stricter import documentation,…
Kolkata: Bengal govt has identified 1,700 acres at Dadanpatrabar — about 10 km from Tajpur — for the long-delayed proposed deep-sea port project in the state. Govt is also exploring the development of minor ports and may consider setting up a dedicated shipping department to strengthen maritime logistics.CM Suvendu Adhikari shared the update on Thursday,…
