New Delhi/London, March 5 (IANS) The maritime threat landscape across the Gulf of Oman, Persian Gulf, and Strait of Hormuz has turned highly volatile in the past 24-48 hours, driven by escalating military confrontations involving Iran, the US, and Israel. Multiple projectile, missile, and explosive incidents have targeted commercial shipping, prompting a near-total halt in transits through the critical chokepoint. Since late February, when US and Israeli strikes on Iranian targets triggered reta…
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New Delhi, Feb 16 (IANS) Finance Minister Nirmala Sitharaman was set to meet Jonas Ghar Store, Prime Minister of Norway, and hold bilateral meetings with Norwegian Finance Minister Jens Stoltenberg along with Minister for Trade and Industry, Cecilie Myrseth, it was announced on Monday.She will also hold a roundtable discussion with Norwegian CEO and investors and engage with the diaspora at a community event, according to a Finance Ministry post on X.“During her two-day visit in Oslo, the Unio…
Mumbai, Feb 6 (IANS) The government’s efforts for a new domestic container shipping line, namely Bharat Container Shipping Line (BCSL), aims to reduce India’s dependence on foreign carriers and drive job growth and the economy, a new report has said.The government oversaw the formal signing of agreements earlier this week, setting out the plans for Bharat Container Shipping Line (BCSL). A report in The Maritime Executive said the government plans to order 15 domestically-built containerships i…
Davos, Jan 22 (IANS) Union Minister Ashwini Vaishnaw on Thursday said that global confidence in Bharat is growing stronger, as leading international companies and investors showed keen interest in expanding their engagement with India at the World Economic Forum (WEF).Speaking about key meetings on the sidelines of WEF, Vaishnaw highlighted that India’s development journey, reform-driven growth and focus on future-ready infrastructure are drawing attention from global industry leaders.He said …
Davos, Jan 21 (IANS) The Mumbai Metropolitan Region Development Authority (MMRDA), on behalf of the Maharashtra government, has signed MoUs with various global companies for the development of the growth centre in Pen tehsil of the state’s Raigad district. “CM Devendra Fadnavis witnessed the signing of the MoU. Envisioned as the ‘Third Mumbai’, the project will emerge as a next-generation hub for technology, fintech, and data centres, and will host India’s first dedicated Global Capability Cen…
New Delhi, Jan 12 (IANS) Maersk is considering increasing its use of ethanol as a fuel as part of its efforts to cut carbon emissions and reduce dependence on China for green fuels.In an interview with the Financial Times, Maersk CEO Vincent Clerc said the company is exploring ethanol as an alternative fuel because production is more evenly spread across countries.He pointed out that while China dominates the market for fuels such as green methanol, the United States and Brazil are the world’s…