Rapido Auto extends to 11 additional cities in India

Rapido, India’s largest bike taxi platform, has announced the expansion of Rapido Auto services in 11 additional Indian cities including Delhi/NCR.  The service will give access to commuters to book autos for their everyday commute from the comfort and safety of their home. Rapido Auto service was launched in 14 key Indian cities across 10 states in October 2020 and witnessed an overwhelming response and demand leading to the expansion of the service. This service will be part of the shared mobility business model. Rapido Auto, with the 11 additional…

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New Merchant Shipping Bill seeks to initiate best practices

Ministry of Ports, Shipping and Waterways recently issued a draft of the Merchant Shipping Bill, 2020 for public consultation that aims to repeal and replace the Merchant Shipping Act, 1958  and the Coasting Vessels Act, 1838. According to a formal release, “the Merchant Shipping Bill, 2020 has been drafted,with the primary aim of promoting the growth of the Indian shipping industry by incorporating the best practices adopted by other advanced countries like the U.S., Japan, U.K., Singapore and Australia.” All up-to-date IMO conventions  or protocols, to which India is a…

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A.P. Moller – Maersk reports improvement in profitability in Q3

Global shipping major A.P. Moller – Maersk has reported improved profitability across the business in the third quarter despite the negative impact on global economies from the COVID-19 pandemic. The company grew earnings before interest, tax, depreciation and amortisation (EBITDA) 39 pct. to USD 2.3bn with revenue decreasing 1.4 pct. to USD 9.9bn. According to a company release, the performance increase was based on a stringent costs control, agile capacity management, strong focus on customer offerings with further traction in uptake of digital services, and some benefit from a sequential…

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Final draft of National Rail Plan to be released soon

National Rail Plan, 2030, a policy statement which among other things is also expected to provide direction for increase in the market share of Indian railways in the larger national transportation space, is expected to be unveiled in December. Speaking at a webinar organized by industry association Assocham recently, Railway Board chairman and CEO Vinod Kumar Yadav informed that final draft of national rail plan 2030 is ready and is likely to be released next month in December. “Vision 2024 is part of national rail plan 2030 which will be…

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Cochin Shipyard begins building vessels for Asko Maritime

Plate cutting ceremony of the two Autonomous Electric Vessels being built for ASKO Maritime AS, Norway was held on 25 Nov 2020 at Cochin Shipyard Limited, Kochi. Cochin Shipyard Limited (CSL), Kochi had signed contracts for construction and supply of Two (2) nos Autonomous Electric Ferry for ASKO Maritime AS, Norway with an option to build 2 more identical vessels on 15th July 2020. This Autonomous Electrical vessel project is an ambitious project in Norway partially funded by the Norwegian Government aimed at emission-free transport of goods across the Oslo…

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ITC Foods rolls retailers first focussed initiative

In alignment with ITC’s credo of ‘Sab Saath Badhein’, the Foods Division spearheaded a Retail Engagement Initiative which focussed on ensuring safety of retailers. The initiative covered over 20,000+ retailers across the country and addressed their safety requirements by ensuring that risks associated with the pandemic are minimised for them. The initiative was an endeavour to help the company’s first line of customers, the retailers operate in a safe & hygienic environment while enabling them to serve their buyers through the challenging times. The retailers’ community has been the backbone…

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MAHLE touches century mark

Global technology firm MAHLE, which is particularly known for its expertise in the mobility component space, has notched the unique feat of touching the century mark. December 1, 2020, marks the 100th anniversary of the company’s founding and it was on that day that the foundation stone for today’s MAHLE Group was laid in Stuttgart. The course for this success was charted by the brothers Ernst and Hermann Mahle, whose technological pioneering spirit is something the company is still renowned for today. MAHLE is now broadly positioned in the areas…

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Global toys store Toys“R”Us now open at the Navi Mumbai mall

Kids between 3-14 years now have a whole new world of specially curated toys and memorable experiences awaiting them at Inorbit Mall, Vashi (Navi Mumbai). The much-awaited global toy store brand Toys“R”Us has now opened its 14th outlet at the mall, just in time for the holiday season. The brand Toys“R”Us is brought to India by Tablez — the leading organized retail group that has introduced some popular global brands in the country. The mall already houses some very popular kids’ brands such as Hamleys, Shoppers Stop, Gini & Jony, Crosswords, Landmark…

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SITA- Orange Business Services stretch the bounds of edge connectivity

SITA and Orange Business Services have implemented a multi-tenant edge SD-WAN platform globally through SITA’s shared connectivity platform AirportHub. The Male International Airport, Maldives, the Bandaranaike International Airport, Sri Lanka, and 66 other airports worldwide already have active and running SITA Connect SDN technology. Leveraging Orange Business Services’ Flexible SD-WAN portfolio, SITA Connect SDN allows multiple airlines, ground handlers, and other tenants to access the same virtualized infrastructure in the cloud, delivering more scalable and agile connectivity. This drives greater cost efficiencies and supports the airline industry’s drive to migrate applications to the cloud.…

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Ministry of Shipping gets new name

The government has renamed Ministry of Shipping as the Ministry of Ports, Shipping and Waterways (Pattan, Pot Parivahan aur Jalmarg Mantralaya) which signals its growing focus on coastal shipping and waterways. On 8th of November, Prime Minister Narendra Modi announced the renaming of Ministry of Shipping while addressing, through video-conferencing, the inaugural ceremony of Ro-Pax ferry service between Hazira and Ghogha in Gujarat. While making this historic announcement, the prime minister said “Now this Ministry will be known as Ministry of Ports, Shipping and Waterways. It is being expanded. In most…

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