PORT INFRASTRUCTURE
MoSPI report shows Rs 3.22 lakh crore cost overrun in India’s ongoing infrastructure projects
Infrastructure projects worth over Rs 150 crore have seen a cumulative cost overrun of approximately Rs 3,21,976 crore. About 1,853 infrastructure projects across 17 ministries were monitored, showing total costs revised to Rs 37,55,803 crore. The Ministry of Road Transport & Highways leads with the most ongoing projects and costs. Approximately 47.21 percent of the total project cost has been spent so far, indicating steady progress.
India, Dutch port authorities weigh digital push to boost logistics: Piyush Goyal
Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.
India aims to quadruple port capacity by 2047, eyes stronger maritime cooperation with Rotterdam: Piyush Goyal
India intends to increase its port capacity significantly by 2047 to support economic growth and trade. Union Minister Piyush Goyal emphasized collaboration opportunities with the Port of Rotterdam for sustainable development. The Sagarmala initiative aims to enhance India's maritime infrastructure and connectivity effectively. A major maritime education institution will be established in Mumbai to train skilled seafarers. These efforts highlight India's commitment to bolstering its position in global maritime trade.
Apple Mac mini M6 review: A compact powerhouse for video editing, AI agents and everyday productivity
Apple’s Mac mini M6 packs powerful performance into a compact desktop, but is it the right choice for creators and professionals? From 4K video editing and multitasking to experimenting with local AI models and tools such as ChatGPT and dots, the machine offers plenty of possibilities. However, its starting configuration comes with limitations that buyers should consider before investing.
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FICCI seeks Dutch investment in mfg, tech; calls for project-level follow-up
FICCI has called for enhanced Dutch investments in India’s manufacturing and technology sectors during Piyush Goyal's visit. The discussions may lead to manufacturing partnerships and technology collaborations which would strengthen bilateral trade. Greater emphasis is placed on supply chain integration to meet Dutch quality and sustainability standards. The upcoming India-EU free trade agreement is expected to facilitate deeper commercial ties.
Union Minister Sarbananda Sonowal invites Polish firms to ‘build, innovate and grow with India’
Union Minister Sarbananda Sonowal addressed the India-Poland Business Forum, emphasizing stronger business ties between the nations. He highlighted Poland's strengths in engineering and clean energy and India's market potential and skilled workforce. Sonowal proposed initiatives to enhance collaboration in sectors like AI, quantum computing, and smart manufacturing. He called for Indian and Polish companies to innovate and invest together for mutual growth. Trade between India and Poland has reached $6.36 billion.
Berlin Global Dialogue: EU inviting disaster through carbon tax, says Piyush Goyal
Piyush Goyal expressed concerns over the EU's carbon tax and numerous regulations impacting their steel industry. He warned that these measures could lead to increased costs and decreased competitiveness for EU businesses. Goyal highlighted that the high import duties and standards could harm the economy and raise the cost of living. He mentioned the reciprocal nature of trade regulations in response to the EU's actions.
EU carbon tax: Piyush Goyal asks Europe not to 'invite disaster' or 'shoot themselves in the foot'
Goyal said the EU had accumulated around 75-77 regulations, arguing that repeated additions were increasing the compliance burden on businesses and making them less competitive in global markets.
Adani Ports expands presence by incorporating subsidiary in Oman
Adani Ports and Special Economic Zone Limited has established a wholly owned subsidiary named Indian Ocean Gateway Terminal in Oman. This new entity aims to conduct offshore operations locally, aligning with the company's strategic expansion as a global transport operator. Adani International Ports Holdings Pte. Ltd. holds 100 percent of the subsidiary's shares. The incorporation involves a total share capital of OMR 500,000 with 100 shares of OMR 5,000 each.
ETtech Explainer: How a flaw in PHP, the code behind 70% of websites, sent governments offline
Since PHP powers 70% of the world’s websites, the vulnerabilities can allow unauthenticated attackers to execute code on affected servers or read sensitive process memory, which may contain passwords, authentication tokens, API keys and certificates belonging to other requests or the server itself, as per Wiz Research.
Slew of Sops to help fuel ships' shift to methanol
India is considering methanol as the primary fuel option for ships to support a green transition. The government plans to implement tax concessions and flexible compliance to encourage this shift. Officials are analyzing various suggestions to enhance the infrastructure and regulatory environment for methanol usage. Work is already in progress to improve local availability and establish refueling facilities.
Essar Ports gets nod to develop Rs 2,276.06 crore multipurpose cargo terminal at Kandla
Essar Ports has been approved by Deendayal Port Authority to develop a cargo terminal at Tuna Tekra. The project, costing Rs 2,276.06 crore, will be built under a Build, Operate and Transfer model. It will have an annual capacity of 18.33 million tonnes and accommodate large vessels. Development includes common-user infrastructure, which aims to improve efficiency and connectivity. Essar Ports currently operates around 60 million tonnes capacity across multiple locations.
Marco Rubio meets Adani, Tata chiefs before heading to Jamnagar for Reliance refinery visit
US Secretary of State Marco Rubio met Adani Group chairman Gautam Adani and Tata Sons chairman N Chandrasekaran in Mumbai before travelling to Jamnagar to visit Reliance Industries' oil refinery, Vantara and its planned clean-energy manufacturing complex. The visit comes as India and the US explore deeper cooperation in energy, manufacturing and technology.
Deendayal Port Authority issues LoA to Essar Ports Ltd. to develop Multi-Purpose Cargo Terminal at Tuna Tekra
Deendayal Port Authority has issued a Letter of Award to Essar Ports Ltd. for developing a Multi-Purpose Cargo Terminal. This terminal will be located at Tuna Tekra port in Gujarat and is part of a Public-Private Partnership initiative. The project will operate on a Build-Operate-Transfer basis for a 30-year concession period. Essar Ports emerged as the highest bidder, offering a royalty to DPA.
Zelenskyy says early warning system for Russian missile attacks resumes following call with Rubio
Ukrainian President Volodymyr Zelenskyy stated that his country is now receiving crucial early warning intelligence from partners. Recent Russian missile attacks caused significant civilian casualties, prompting Zelenskyy to seek more American assistance. Although U.S. officials deny any political directives to slow support, Zelenskyy expressed concerns over military supplies and restrictions. European countries continue to allocate substantial funding to support Ukraine amid these challenges.
Russia ships the least crude oil in a month as major Baltic port halts
Russian crude shipments have dropped to a month low due to maintenance work disrupting operations at the Primorsk port. Despite a reduction in Ukrainian attacks on refineries, oil production facilities are still under threat. Notably, shipments to Asia, including significant customers like China and India, are declining, mirrored by a substantial fall in export values, signaling a downturn in demand.
Russian aerial blitz kills 9 in Ukraine as Zelenskyy meets US and European officials in Norway
Russia conducted missile and drone strikes across Ukraine, causing civilian casualties and significant damage to infrastructure. Ukrainian President Volodymyr Zelenskyy is in Norway seeking increased American and European support for his country. Despite ongoing attacks, Zelenskyy expressed concerns about the delay in U.S. military aid, including critical air defense interceptors. European nations have stepped up their support, fearing Russian aggression will extend further.
Drill, baby, drill: China turns the screws, India looks for own tools
China’s new export controls on tunnel boring machines (TBMs) have highlighted India’s reliance on overseas suppliers for specialised infrastructure equipment even as the government moves towards a $1.2 billion incentive scheme to expand domestic manufacturing. The proposed package aims to attract $1.8 billion in investment over seven years, but the bigger challenge will be building local capabilities in high-value components and machinery rather than simply replacing Chinese imports.
HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years
HSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in alternative logistics routes, potentially making the Strait of Hormuz "redundant" within five years. Speaking in Dubai, he reaffirmed the bank's commitment to the GCC region.
In 2026, Kofi Asante-led Bluecore Energy raised $50 million to put small nuclear reactors on floating barges
A nuclear power plant that floats on water and sends electricity to shore may sound unusual, but one startup wants to make it a reality. Bluecore Energy, led by founder and CEO Kofi Asante, has raised $50 million to develop small nuclear reactors mounted on floating barges. The California-based company sees potential customers in AI data centers, ports and remote coastal communities that need reliable power.
Ukraine in talks with India, other partners to open Black Sea grain corridor
Ukraine is engaged in discussions with Turkey, Egypt, and India regarding Black Sea agricultural exports. The country's food exports heavily depend on its Black Sea ports for shipping capacity. President Volodymyr Zelenskyy indicated that Russia opposes these negotiations despite intermediary calls. Kyiv is also seeking the European Union's support to restore grain export programs. Currently, Ukraine can only export a fraction of its usual grain volumes due to ongoing challenges.
CISF to roll out historic functional reorganisation from November 1
The Central Industrial Security Force is set to reorganize its administrative structure beginning November 1. This restructuring aims to improve specialized security management across various industries and installations. Key sectors like power, coal, and petroleum will receive enhanced operational oversight and sector-specific expertise. The changes follow consultations with senior officers and aim to strengthen coordination with relevant authorities.
National highway projects awarded rise 62.9% during April-Sept: MoSPI
National highway projects awarded experienced a 62.9% increase in distance during the April-September period. Electronic toll collection transactions also rose significantly, indicating increased digital use. Air cargo movement increased by 12%, and foreign tourist arrivals grew as well. The telecommunications sector expanded, adding over 29,000 kilometers of optical fiber cable. Overall, performance indicators across multiple infrastructure sectors have shown positive trends in FY27.
DP World eyes $5 bn India investment, warns West Asia crisis is rewiring global trade
DP World is ready to increase its investment in India between USD 3 billion and USD 5 billion in the coming years. The company urges for faster infrastructure development and quicker project approvals to unlock trade potential. Despite challenges, Narayan believes that India remains attractive due to its growing economic scale. Enhanced logistics capacity is critical for supporting India's manufacturing and export growth.
Saudi-led coalition says Houthis attempted to attack dozens of Saudi facilities
The Saudi-led military coalition in Yemen has reported increased Houthi attacks targeting civilian infrastructure across Saudi Arabia. Recent strikes have resulted in fatalities and injuries at key sites, including King Khalid International Airport. The coalition spokesperson emphasized the threat posed to civilians and condemned the Houthi actions, urging them to cease operations. Houthi military leadership has warned of dangers in Saudi airspace, further complicating travel safety in the region.
Modi govt’s 13 strategic disinvestments in 10 years
The Modi government is set to sell a 60.72% stake in IDBI Bank for ₹52,878 crore. This sale will surpass previous disinvestment efforts, making it the largest to date. Notably, the government has executed 13 strategic disinvestments over the last decade. Previous notable disinvestments include Air India and multiple power sector companies. These actions highlight the ongoing commitment to privatization and fiscal consolidation.
Shipping ministry launches 2 credit risk insurance products for ship building industry
These policies include the Shipbuilding Project Credit Risk Insurance Policy for export projects and the Business Credit Shield Policy for domestic projects. The central government will subsidize insurance premiums and support insurers for shipyard claims. This initiative aims to alleviate financial stress and ensure smooth operations for shipyards.
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