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PSA bags JNPT 4th container terminal project

PSA bags JNPT 4th container terminal project

Singapore´s PSA Investments bagged Rs 7,915 crore and 4.8 million TEU fourth container terminal project from Jawaharlal Nehru Port Trust (JNPT). The board of trustees of the port has decided to award the project to be carried out under the design, build, finance, operate and transfer basis to PSA, which was the highest bidder.

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Essar Projects to offer more services

Essar Projects to offer more services

Media reports indicate that the Ruias controlled Essar Projects wants to diversify its operation beyond the basic engineering, procurement and construction (EPC) services it offers to clients. As part of this strategy, the company acquires a small stake in the projects that it executes for its global client

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India allows airlines to charge for check-in baggage

India allows airlines to charge for check-in baggage

The Union government will allow airlines to unbundle charges for services such as preferential seating, meals, snacks, drinks (except drinking water), the use of lounges, baggage, the carriage of sports equipment and musical instruments, and the treatment of valuable items.

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Gujarat govt to set up IFSC in GIFT City

Gujarat govt to set up IFSC in GIFT City

Gujarat government plans to set up an international financial services centre (IFSC) under Sections 18 and 55 of the SEZ Act on more than 268 acre land at the Gujarat International Financial Tec-City (GIFT City). The state government is awaiting the due-diligence approval of the ministries of commerce and finance for the IFSC. The IFSC would see financial transactions excl