First inter-modal TIR-based India-Iran transport flagged off

12 Sep 2022 CW Team

The first inter-modal digital TIR-based pilot transport between India and Iran through the INSTC corridor was flagged off from Nhava Shewa (Jawaharlal Nehru Port) last week. This facilitates seamless and paperless cross-border transit of goods, under the customs guarantee of the TIR system, industry body FICCI said in a statement.

The International North-South Transport Corridor (INSTC) is India's initiative to reduce the time taken for Exim (Export-Import) shipments to reach Russia and Europe, and enter the Central Asian markets.

Iran’s Chabahar Port, which has been developed with Indian assistance, is the commercial transit centre for the region, especially Central Asia. India is participating in the development of the first phase of the Shahid Beheshti Terminal at Chabahar Port in cooperation with the Iranian government.

The TIR (Transports Internationaux Routiers, or International Road Transports) system plays an important role in facilitating cross-border trade, adding considerable value to improving regional trade mechanisms, as per the statement.

It helps in facilitation of trade and transport, preventing delays in border crossing operations by minimising the formalities, which decreases the transportation costs. This system simplifies the movement of national and international transport, giving access to over 64 TIR operational countries.

Globally, such a system has been a successful model for reducing trade transaction costs and facilitating higher growth of intra-regional and inter-regional trade, according to the Federation of Indian Chambers of Commerce and Industry (FICCI).

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..