Inland Waterways Authority of India Hopes to Kick Off Delayed Projects, an Industrial Info Market Brief
Industry Segment: Market Brief | Word Count: 66 Words
As the Indian government has started the COVID-19 vaccination process and most of the country s infrastructural work has been resumed, Inland Waterways Authority of India (IWAI) is expecting to kick off or restart pending projects from previous year at different stages.
Correcting the Erroneous, Unfortunate and Misleading Caption of Chibuike Amaechi s Comment on Baro Port
By Great Imo Jonathan Listen to article
I don t know what Ships and Ports online publication wants to achieve by its misleading caption of the statement of the Honourable Minister Of Transportation, Rt Hon. Chibuike Amaechi on Baro Port. The caption reads: Amaechi Tags Baro, Other River Ports Waste Of Public Funds . Even the opening paragraph of their reportage was a misrepresentation of the Honourable Minister s statement. Ships and Ports Online publication not quoting him stated in their opening paragraph that The Minister of Transportation, Rotimi Amaechi, has said that the construction of river ports across the country is a waste of public funds as they are not viable projects
IRClass Review of 2020 and Outlook for 2021 – The road to revitalisation
2020 brought about an unprecedented situation in the form of the pandemic. Indian Register of Shipping (IRClass) responded swiftly by taking a pragmatic and practical approach in maintaining its services to its clients during this period of global restriction in population movement to reduce the spread of COVID-19.
IRClass Executive Chairman Mr Arun Sharma, as Chairman of the International Association of Classification Societies (IACS), led the organisation’s rapid response to assist the industry during the lockdown period. The first wave of mitigative measures which included maintaining the validity of certificates and allowing the sharing of IACS members’ exclusive surveyors, were quickly implemented to allow ships to continue operations and hence, facilitating trade.
Here are the key stocks to track in today s session:
TCS: Information technology stocks would remain under investor radar on Monday after IT major Tata Consultancy Services on Friday posted a 7.18 per cent year-on-year (YoY) rise in its December quarter (Q3FY21) profit at Rs 8,701 crore. TCS also announced third interm dividend of Rs 6 per share.
Avenue Supermarts: Avenue Supermarts, which owns and operates retail chain D-Mart, on Saturday reported an increase of 16.39 per cent in its consolidated net profit at Rs 446.95 crore for the third quarter ended December 2020.
Wipro: The Rs 9,500-crore buyback offer from Wipro will end today. The offer received overwhelming response from investors on Friday, and has been subscribed 326.45 per cent, as per reports. The firm, which proposed to buyback 23.75 crore shares at Rs 400 a share, has received bids for 77.53 crore shares.
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Vessel will transport commuters and vehicles too on board
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The newly introduced container ro-ro ferry arrives at the Bolghatty island terminal on Monday.
| Photo Credit:
H. VIBHU
Vessel will transport commuters and vehicles too on board
A trial run of the proposed container roll-on roll-off (ro-ro) ferry service in the Willingdon Island-Bolghatty Island corridor was held on Monday, with one of the two vessels built at the Cochin Shipyard operating in the corridor.
City-based Kerala Shipping and Inland Navigation Corporation (KSINC), which operates a pair of ro-ro ferries in the Fort Kochi-Vypeen route, has been vested with the task of operating the two vessels, the capital cost of which was borne by the Inland Waterways Authority of India (IWAI). The container ro-ro ferry service will transport commuters and motorists too on board, unlike a private firm that ferried container-laden lorries on the corridor till it fell out with the Cochin Port