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Govt puts some of country's top audit firms on its watch list

The audit regulator seeks info on audit processes, number of clients, non-audit work done for them and fees.

DP World

Dec 14, 2019, 10.15 AM IST

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DP WORLD

Port trouble: Labour commissioner calls meeting on Monday

In the backdrop of the Dubai Ports World expressing concern at the frequent strikes on the Kochi port, the Regional Labour commissioner has convened a meeting of various union leaders.

Congestion-wary terminal turns down coastal cargo

Nhava Shiva International Container Terminal turns down pleas from transshipment container operators to handle transshipment boxes at a discount.

French shipping co to buy 26% in Adani arm

In what could be the biggest joint venture in the country’s ports sector, French shipping major CMA CGM is set to pick up a 26% stake in a subsidiary of Ahmedabad-based Rs 18,000-crore Adani group.

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  • High Court sets aside earlier TAMP order to slash tariffs at Tuticorin, operated by PSA-Sical.

    Kerala’s long-awaited dream of a container transshipment terminal at Vizhinjam near here got a boost on Tuesday when nearly 30 interested parties turned up at an investors’ meet organized here under the auspices of the government and the Vizhinjam International Seaport Ltd (VISL) ahead of the global tendering of the project.

    The Public Investment Board (PIB) has cleared the much-discussed project to provide four-lane road connectivity for Cochin’s International Container Transhipment Terminal (ICTT).

    Mundra port, the country’s largest private port, is investing about Rs 900 crore to expand its capacity by 2008.

    Amid the upsurge in violence over land acquisition in Kolkata for big-ticket industrial ventures and SEZs, efforts are underway at the highest levels of the West.

    The Public Investment Board (PIB) has cleared the much-discussed project to provide four-lane road connectivity for Cochin’s International Container Transhipment Terminal (ICTT).

    Kulpi port might soon become a reality. The promoters of Bengal Ports, the operator of Kulpi, are expected to approve the detailed project report (DPR) for the proposed port complex and the adjacent special economic zone (SEZ) at its board meeting on December 18 at Dubai.

    For Ganesh Raj, it’s almost like a home-coming. The man, who joined Dubai Ports World (DP World) in the Middle East a couple of years ago, has now moved back to India as senior vice-president and managing director (West Asia & East Africa Region).

    The government has said Chinese firms have not been barred from investing in the port sector. Shipping secretary AK Mohapatra said Hutchison Port Holdings (HPH), which was denied security clearance for two port projects in Mumbai and Chennai, has not been barred from participating in future port development projects in the country.

    Dubai Ports World (DP) is in talks to buy out the Adani group’s second container terminal at Mundra in Gujarat, as growth and rapid expansion in trade drive the world’s third-biggest port operator into consolidating its India presence.

    Dubai Ports World will spend up to $3bn over the next three to four years as it seeks to boost container traffic at existing ports by 40%, its chairman said on Sunday.

    India may soon have its very own spectacular and bustling Jebel Ali or port of Singapore, at least that’s what the Adani group-promoted Mundra port hopes to look like if it’s declared a free port.

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