Due to sluggish progress in iron ore and container volumes, cargo pressure will persist at major ports, said rating agency ICRA. Iron ore has been the main laggard in the first 5 months (April-August) of this fiscal year, ICRA said.

State-run Power Finance Corp is in the process of issuing around Rs 150 crore ($23 million) worth of tax-free bonds across different maturities. While the firm would issue 10-year tax-free bonds at 8.04 percent, 15-year bonds at 8.41 percent, and 20-year bonds at 8.40

Tamil Naudu's Tuticorin town is all set to secure the title, ‘Town of Export Excellence for Marine products.’ And for this, the Indian Chamber of Commerce and Industry in Tuticorin has been striving to earn the recognition for the town. Seafood exporters were looking forward to the recognition award to boost exports. Production and export of frozen seafood from Tuticorin Port had crossed Rs 1,000 crore, to earn the status of ‘Town of Export Excellence’ in marine products.

State-run banks have been asked to conduct due diligence of their own on the company or projects it intends to lend instead of the existing practice of relying on lead banks. Union finance ministry asked state-run banks that sanctions loan to sign on the dotted line only when they are satisfied with the appraisal.

A report by rating agency Icra said cargo growth outlook for ports in India continues to be strong over the medium- to long-term driven by the rising coal requirement. But the report warned that major ports would continue to suffer from issues on capacity and efficiency because slow pace of project

By 2015-16, domestic production of natural gas may rise to around 125 MMSCMD from 111 MMSCMD in 2012-13, rating agency ICRA feels. By 2019-20, domestic output could increase further to around 183 MMSCMD, a study conducted by ICRA show

A report by ICRA shows the market share of non-major ports rose to 42 per cent in 2012-13 from 39 per cent in the previous year because of their efficient operation.

A report by ratings agency ICRA shows the market share of non-major ports rose to 42 per cent in 2012-13 from 39 percent in the previous year because of their efficient operation. Thus, in 2012-13, market share of major ports declined to 58 per cent of the total throughput, compared to 61

Owing to factors hurdles in land acquisition, environmental and other statutory clearances and financial closure, several projects in major and non-major ports are held up. According to a study conducted by Icra, there are about 30-40 greenfield non-major ports that have high promise and potential but low implementation. These proje