Essar Steel to supply 13,000 tonne heavy plates to Navy
Vizhinjam Port Opens, Set to Boost India鈥檚 Trade Efficiency
Vizhinjam International Seaport, inaugurated on 2 May 2025, marks a pivotal step in India鈥檚 maritime ambitions. Located near Thiruvananthapuram, Kerala, the deep-sea transshipment port is designed to significantly reduce India鈥檚 dependence on foreign ports for container transshipment.Positioned just 10 nautical miles from the key east鈥搘est shipping corridor and boasting a natural depth of 24 metres, Vizhinjam can accommodate ultra-large container vessels (ULCVs) without extensive dredging. This strategic location is expected to place the port at the heart of global maritime trade, improv..
Port Giant Enters Freight to Challenge Global Logistics Firms
India鈥檚 largest private port operator is rapidly evolving from a port-centric business into a comprehensive logistics powerhouse, marking its formal entry into the international freight forwarding sector. This strategic shift is set to redefine cargo movement across India and position the company as a formidable rival to the global logistics multinationals that have long dominated the industry.With a commanding 45.5 per cent share in container handling at Indian ports, and a substantial presence across warehousing, rail freight, trucking, and air cargo, the group鈥檚 logistics arm has launch..
Antfin to Sell 4% Paytm Stake for Rs 20.65 Bn
China鈥檚 Alibaba Group is set to pare down its stake in One 97 Communications, the parent company of Paytm, through an open market sale scheduled for Tuesday.According to sources, Antfin Netherlands Holding BV鈥攁n affiliate of Alibaba-backed Ant Group鈥攚ill offload 26 million shares, representing roughly 4 per cent equity in the Indian fintech firm.The floor price for the sale is pegged at Rs 809.75 per share, reflecting a 6.5 per cent discount to Monday鈥檚 closing price of Rs 866.35 on the BSE. At this minimum price, the sale is expected to generate around Rs 20.65 billion for the Chinese..
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