Major Ports Handle Record 855 MT Cargo in FY25
India’s 12 major ports handled a record 855 million tonnes (MT) of cargo in FY25, a 4.3 per cent increase over 819 MT in FY24, the Ministry of Ports, Shipping and Waterways announced.Growth was driven by container movement, up 10 per cent; fertilisers, up 13 per cent; petroleum, oil and lubricants (POL), up three per cent; and miscellaneous cargo, rising 31 per cent. Paradip Port Authority and Deendayal Port Authority crossed the 150 MT cargo mark for the first time. Jawaharlal Nehru Port Authority handled 7.3 million TEUs, a 13.5 per cent rise, setting a new record.POL cargo led with 254.5 ..
Reliance Plans to Sell 4.9% Stake in Asian Paints
Reliance Industries Limited (RIL) plans to sell its entire 4.9 per cent stake in Asian Paints, according to a report by The Economic Times citing sources. For this purpose, RIL has engaged Bank of America to manage the transaction.This marks a potential exit from a 17-year-old investment. RIL acquired its stake in 2008 for about Rs 5 billion. The paints sector has been under pressure due to margin challenges and rising competition. Notably, RIL had earlier considered a stake sale in 2020.Asian Paints shares were trading down 1.62 per cent at Rs 2,287.50 at 11:50 am on the day of the report.Rec..
DST, DRDO Institutes Partner to Strengthen Space Situational Awareness
The Department of Science and Technology’s (DST) institute ARIES, Nainital, has signed a Memorandum of Understanding (MoU) with the Defence Research and Development Organisation’s (DRDO) Instruments Research & Development Establishment (IRDE), Dehradun, to enhance India’s ground-based Space Situational Awareness (SSA) capabilities.Signed on 13 May 2025 by Dr Manish Kumar Naja, Director of ARIES, and Dr Ajay Kumar, Director of IRDE, the partnership will utilise ARIES’s national observing facilities, including the 3.6-metre Devasthal Optical Telescope and the ST Radar system.IRDE spe..
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