App-cab company Uber today entered into a partnership with Eastern Railway to help travellers avail a ride at Howrah station, which is one of the busiest railway terminals in the country. Uber will set up booking zones...
JSW Infra, Essar Ports, Royal Vopak among firms vying for Sterling Port
Domestic and foreign port operators have shown interest in buying the upcoming Sterling Port in Dahej, according to two people aware of the matter. JSW Infrastructure, a unit of Sajjan Jindal-led JSW Group, Essar Ports...
Noble Group to sell four ships to cut debt
Struggling commodity trader Noble Group Ltd said on Wednesday it would sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running. Net proceeds from the disposal...
Warburg Pincus in talks with DP World to sell stake in Gangavaram Port
US-based private equity firm Warburg Pincus has started talks with UAE ports operator DP World to sell its 31.5% stake in Gangavaram Port in Andhra Pradesh, two people aware of the development said. Warburg has hired...
Cochin Shipyard forms JV with Hooghly Dock & Port
Cochin Shipyard (CSL) today said it has incorporated a JV — Hooghly Cochin Shipyard Limited (HSSL) — with Hooghly Dock & Port Engineering Ltd for upgradation and modernisation of shipbuilding...
Lightspeed Venture in talks to buy stake in Freight Commerce
US-based venture capital firm Lightspeed Venture Partners is in talks to acquire a minority stake in Freight Commerce Solutions Pvt. Ltd, which operates Freight Tiger, according to two people aware of the development...
German Dry Docks looks to acquire Bharati Defence
German Dry Docks Group has approached the lenders of troubled Bharati Defence and Infrastructure (formerly Bharti Shipyard) for a possible acquisition, pegging its enterprise value at around $370 million. Bharati has...
Allcargo Logistics looking for acquisitions in technology & contract logistics space
Allcargo LogisticsBSE -1.74 % is looking for acquisitions in the technology and contract logistics space, seeking to grow its business in India where opportunities will likely grow at a faster clip under GST. “We have...
NITI Aayog proposes 26% strategic sale in Shipping Corporation of India
NITI Aayog has proposed strategic sale of about 26 per cent stake in Shipping Corporation of IndiaBSE 9.89 %, which could fetch about Rs 960 crore to the exchequer. According to sources, the core group of secretaries on...
Japan’s Konoike Transport, Associated Container Terminals form JV
Konoike Transport of Japan has formed a joint venture called Trac1 Logistics with India’s Associated Container Terminals Ltd to run private container trains in India. Konoike is the first Japanese company to enter the...
U.S. trucking companies Swift and Knight to merge
Trucking and logistics operators Swift Transportation Co (SWFT.N) and Knight Transportation Inc (KNX.N) are merging in a stock-swap deal, creating a company with a market value of more than $5 billion. The merger, which...
BookaTruck to raise Rs25 crore for expansion
Truck booking start-up BookaTruck plans to raise about Rs25 crore in the third quarter of this fiscal to expand its presence across the country. BookaTruck launched the app-based service for booking of heavy commercial...
