Pipavav Shipyard Resumes Operations After Bankruptcy

India's steel exports clock double digit growth in October

India's steel exports recorded a double-digit growth of 11% in October compared to the previous month, indicating an improved outlook for the sector, according to data compiled by the Ministry of Steel. While the country's steel exports rose to 440 million lakh tonnes in October, from 4 lakh tonnes in September, there was a dip in imports which will help the domestic steel companies to fetch better prices for their products in the third quarter, a senior official said. Imports slowed during the month for the first time in the current financial year as the Government imposed restrictions on poo..

Govt to reform ship ownership new Merchant Shipping Bill

The Union government will widen the eligibility criteria for ownership of vessels that can be registered in India and permit registration of vessels chartered on a so-called bareboat charter-cum-demise (BBCD) basis through a new merchant shipping law as it looks to increase the country’s shipping tonnage and help tap a larger slice of international trade. The Merchant Shipping Bill, 2024, is said to define an Indian vessel as one that is owned by a citizen of India, a Non-Resident Indian, an Overseas Citizen of India, a company or a body established under any Central Act which has its regis..

5,000 E-cars for govt sector: Union minister launches programme

In a push towards green mobility, Convergence Energy Services Limited (CESL), a subsidiary of Energy Efficiency Services Limited (EESL), launched its ‘EV as a Service’ programme, targeting the deployment of 5,000 electric cars in government ministries and public sector units over the next two years. The programme was unveiled by Union minister of power and housing & urban affairs Manohar Lal at an event held at Major Dhyan Chand National Stadium. CESL’s initiative is aimed at increasing electric vehicle (EV) adoption within the government sector through a flexible procurement model,..