Business

Significant Rise in Cargo Volume at Major Airports

Published

1 year ago

February 6, 2025

Cargo handled at Major Ports has risen from 581.34 million tonnes in 2014-15 to 819.23 million tonnes in FY 2023-24, reflecting a compound annual growth rate (CAGR) of 3.5%, which aligns with global benchmarks. In the fiscal year 2023-24, the cargo composition included 33.80% liquid bulk, 44.04% dry bulk, and 22.16% container cargo.

Minister for Ports, Shipping, and Waterways Sarbananda Sonowal stated in a written response to the Rajya Sabha that the development of infrastructure and capacity enhancement at major ports is an ongoing initiative. This includes the construction of new berths and terminals, modernization of existing ones, capital dredging to deepen drafts for accommodating larger vessels, and improvements in road and rail connectivity. Moreover, the Vadhavan Port in Maharashtra has been approved for development as the country’s premier mega container port, designed to handle the latest generation of large container ships.

Following consultations with major ports, state maritime boards, as well as the Ministry of Railways and the Ministry of Road Transport and Highways, 107 connectivity infrastructure gaps for both major and non-major ports have been identified. These have been included in the Comprehensive Port Connectivity Plan (CPCP) developed by the Department for Promotion of Industry and Internal Trade (DPIIT) in September 2022. The aim of these projects is to improve connectivity between ports and domestic production and consumption centers.

Business

Opendoor Shuts Down India Operations, 250 Employees Affected

Published

1 day ago

June 11, 2026

Namma Kudla

Business: US-based real estate technology company Opendoor has decided to close its operations in India. The move will impact nearly 250 employees.

CEO Kaz Nejatian said the company is bringing operational roles closer to its customers in the United States. He explained that most of Opendoor’s customers are based in America.

The company said the decision is not related to the performance of its India team. Nejatian praised the employees for their hard work and contributions.

Affected workers will receive severance pay, job placement support, and other assistance. A small number of employees will stay temporarily to help with the transition.

Opendoor said it will continue focusing on simplifying operations and improving efficiency with new technology and AI.

Business

Domestic LPG Cylinder Price Increased by Rs 29

Published

5 days ago

June 7, 2026

Namma Kudla

New Delhi: The price of domestic LPG cooking gas cylinders has been increased by Rs 29 across India. This is the second price hike in the last three months.

The increase comes as global energy prices continue to rise due to the ongoing conflict in the Middle East.

After the revision, a domestic LPG cylinder now costs Rs 942 in Delhi, Rs 941.40 in Mumbai, Rs 968 in Kolkata, and Rs 957.50 in Chennai. In Bengaluru, the new price is Rs 944.50 per cylinder.

The government said the cost of supplying LPG has increased significantly. However, subsidies under the Pradhan Mantri Ujjwala Yojana continue to help over 10 crore beneficiaries.

Petrol, diesel, and CNG prices have also increased in recent weeks as global fuel markets remain volatile.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

1 week ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

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The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.