New Eastern Route Strengthens Russia-India Cargo Ties

28 Sep 2023 CW Team

India and Russia are set to enhance their trade relations through a new eastern route designed to facilitate the efficient handling of cargo shipments between the two nations. This development comes as a strategic response to counter transshipment and bolster economic ties. The new route aims to streamline the movement of goods, benefiting both countries' economies. Two new hubs will play a pivotal role in this initiative.

These hubs will serve as key transit points for cargo shipments, ensuring smoother and more direct trade between India and Russia. This strategic move aligns with the Indian government's vision to boost its export sector and strengthen trade partnerships.

The initiative, spearheaded by Indian Minister Sarbananda Sonowal, underscores the importance of reliable infrastructure and logistics in promoting international trade. This development is particularly significant in light of the increasing volume of cargo shipments between the two countries. Key sectors benefiting from this initiative include manufacturing, energy, and technology, among others. The establishment of these hubs is poised to create economic opportunities and foster deeper cooperation between India and Russia.

Real Estate

23 Oct 2025

Marathon, Adani Launch Rs 34 Bn Commercial Project in Mumbai

Marathon Nextgen Realty, in a joint venture with Adani Realty, has announced Monte South Commercial, a major office and retail development in Byculla, Mumbai. With a built-up area of approximately 1.2 million sq ft and an estimated Gross Development Value (GDV) of Rs 34 billion, the project significantly strengthens Marathon’s commercial portfolio in South Mumbai.Monte South Commercial is part of the larger Monte South campus, which includes four residential towers totalling over 1.6 million sq ft of saleable area. Tower A is ready with its Occupation Certificate (OC), Tower B has topped out..

PTC Industries and BDL Form JV for Missile and UAV Propulsion

PTC Industries, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics (BDL) to establish a Joint Venture (JV) for the design, development, and manufacture of propulsion systems, aero-engines, guided bombs, and loitering munitions for missiles and UAVs, subject to regulatory approvals.The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence o..

J&K Bank Reports H1 Net Profit of Rs 9.79 Bn, Q2 at Rs 4.94 Bn

J&K Bank announced a net profit of Rs 4.94 billion for the July–September quarter (Q2) of the current financial year (CFY), bringing its half-year (H1) net profit to Rs 9.78 billion, up from Rs 9.66 billion in H1 last fiscal. The results were approved by the Bank’s Board of Directors at a meeting held at its Corporate Headquarters.The Q2 performance was moderated by Rs 920 million provisioning towards its investment in Jammu and Kashmir Grameen Bank following the amalgamation of Ellaquai Dehati Bank under the “One State, One RRB” initiative. Total provisioning for H1 stands at Rs 1..