Infrastructure finance company IDFC will sell convertible securities to Khazanah, the investment holding arm of the Malaysian government, and private equity fund Actis at Rs 176 a share. IDFC will raise Rs 840 crore through the allotment.

The decision of the Board leads to issue of 12,535,192 new shares and capitalization of reserves to the tune of Rs. 125.4mn.

Transportation metrics continue to point upward to expansive global trade and commerce that require new-generation capital equipment to accommodate rising demand.

India wants to speed up its development of the Chahbahar port, and will push the Iranian government this week to put its facilitation on fast track.

With the Defence Ministry poised to spend $80 billion on defence acquisitions over the next five years, India is already a major market for global defence companies.

Further, the company will also seek shareholders approval to raise US$ 70 million through various options including Global Depository Receipts (GDR) or / American Depository Receipts (ADR), QIP / QIB, FCCB.

Global logistics market leader, DHL is setting up a logistics and warehousing facility with an initial investment of $10 million at the upcoming free trade warehousing zone ( FTWZ) at Sriperambadur near Chennai.

Thanks to the trend of volatility that has emerged over the last few years in transportation and logistics, it’s nearly impossible to make accurate forecasts based on historical data.

As Kochi port prepares to commission its Vallarpadam Terminal shortly, the shipping community has sought the relaxation of the Cabotage Law.

An Indian delegation leaves for China Monday to study advanced foodgrain storage technology, with a huge quantity of grain rotting in India due to lack of such facilities.