Services

JN Port becomes first port in the country to implement logistics data bank tagging of containers

JN Port becomes first port in the country to implement the logistic data bank tagging of containers, first of its kind facility which will help importer/exporter track their goods in transit through logistics data bank service. Logistics Data Bank will provide the service of tracking the containers on near real­time basis using Radio Frequency Identification (RFID) Technology while containers are being transported through railways and trucks on major highways through the portal www.ldb.co.i
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Mumbai Port working towards further enhancing efficiency: Radhakrishnan

To further enhance its efficiency, Mumbai Port has taken up many initiatives like construction of new berths, installation of floating cranes, mechanisation of Port operations, etc. during the last few years, Mr Pon. Radhakrishnan, Minister of State for Shipping, informed the Lok Sabha in a written reply to a question last week. The Port has already awarded the contract for capital dredging to achieve (-) 19 metre Chart Datum (CD) at berth pocket and (-) 15 metre CD at anchorage of the ongoi
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ONGC Plans to Drill 17 Exploration Wells in India's Shale Oil, Gas Blocks

India's state-owned Oil and Natural Gas Corp. Ltd. (ONGC) intends to spend approximately $105 million (INR 7 billion) to drill up to 17 shale oil and gas wells located on the country's east and west coasts, local media The Economic Times reported Sunday. ONGC has approached the Ministry of Environment and Forests for its approval to prepare the terms of reference for the exploration wells, the Economic Times said, citing minutes of a recent meeting of the Ministry's Expert Appraisal Committe
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PM Narendra Modi inaugurates Indian Oil Corporation

Prime Minister Narendra Modi has said the government will target 10% reduction in oil imports by 2022. Modi, who was in Odisha to inaugurate a 15-million tonne per annum Indian Oil Corporation refinery at Paradip, said he has asked his officials to try and achieve this target before the country's 75th year of independence. The event, at which Modi addressed a massive gathering, is being seen by some as an effort by Petroleum Minister Dharmendra Pradhan of the BJP to make the PM's visit to r
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India to boost investment in Iranian oil and gas sectors

India and oil-rich Iran today decided to significantly expand engagement in their overall ties, particularly in boosting Indian investment in joint ventures in oil and gas sectors in the Persian Gulf nation where foreign investors from major economic powers are rushing in to get early footholds after lifting of nuclear sanctions. In talks between External Affairs Minister Sushma Swaraj and her Iranian counterpart Mohammad Javad Zarif, the two sides agreed that pending agreements such as Pr
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Africa a Mecca for multinationals

Africa’s burgeoning middle class and consequent increase in disposable income becoming increasingly attractive for yield-chasing multinational companies. That ubiquitous McKinsey & Company report from two years ago which said Africa’s consumer spending would reach $1,4tn in 2020, spurred not only a wave of Afro-optimism, it announced to the world that Africa was open for business. The continent, long shrouded in scepticism and instability has become a modern day mecca for consumer-facing multi
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