Australia Grants $31 Million for Vital Tonga Port Upgrade

Tata Steel: First Indian firm fully loads B24 biofuel voyage Aus to India

Tata Steel announced that it had become the first Indian steel company to embark on a fully loaded journey from the East Coast of Australia to India. According to a press release by the company, the cape vessel named "MV Cape XL" set sail from Gladstone port after loading 148,500 metric tons of coal on April 17 and reached the Kalinga International Coal Terminal Paradip (KICTPPL) port on May 8.

The voyage was highlighted as a significant achievement in sustainable shipping practices within India, marking a notable milestone in the country?s maritime sector. It was noted that the vessel..

JSW Group and JFE Racing to Acquire Stake in Australian Mine

JSW Group, a prominent conglomerate based in India, and Japan's JFE Holdings Inc. have entered the competitive arena to secure a stake in an Australian mine. This strategic move underlines their shared vision for international expansion and resource diversification.

The partnership between JSW Group and JFE holds significant implications for the mining sector, particularly in Australia, known for its rich mineral resources. The joint bid underscores a concerted effort to leverage synergies and expertise in mining operations.

The Australian mine in question presents lucrative ..

Australia Sees 0.6% Rise in April Home Prices: CoreLogic

In April, home prices in Australia experienced a 0.6% increase, according to data from CoreLogic. This uptick underscores the resilience of the Australian real estate market amidst ongoing economic and global uncertainties.

The rise in home prices reflects sustained demand for residential properties in Australia, supported by factors such as low interest rates, government incentives, and improving consumer confidence. Despite challenges posed by the COVID-19 pandemic, the housing market continues to demonstrate resilience and stability.

CoreLogic's data indicates a positive trend..

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..

Chabahar unveils India's infrastructure strategy

The centrepiece of the Narendra Modi government's agenda is the construction of an extensive network of roads, highways, tunnels, bridges, airports, metros, and high-speed trains. However, one crucial aspect of Modi's ambitious infrastructure overhaul remains hidden from the view of voters.

Last week, The Economist pointed out that while most Indians may not directly engage with certain sectors, such as ports, these areas undergo significant transformations that impact their lives. The magazine noted substantial enhancements in the capacity and efficiency of ports, illustrating a deep..