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18-12-2014 Meeting

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Air freight station in Chennai to start operations from Monday

An air freight station (AFS) in Chennai will start operations from Monday after the idea for such a facility was conceptualised seven years ago.

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Indo-Asean trade to touch $100 billion next year

India’s trade with the 10-member Asean bloc is set to touch $100 billion by 2015 from around $80 billion at present, thanks to the benefits flowing from the free trade agreement signed with the region, said Nirmala Sitharaman, Minister for Commerce & Industry.

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Rupee fall

Commerce Secretary Rajeev Kher on Tuesday said he would be worried if the rupee value goes below the level of 63 against the dollar.

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South’s first port of call

Tamil Nadu is the only State with three major ports – Chennai, Kamarajar (formerly Ennore Port) and VO Chidambaranar (formerly Tuticorin port) – handling nearly 20 per cent the country’s total cargo traffic.

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2.Article E commerce

Encouragement !! Getting a huge business through internet for small business men. There is a huge welcome from people for this.

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Open Sesame Business Line

Jack Ma, the richest man in China, with a net worth of $19.5 billion, wants Alibaba to say ‘open sesame’ and sell more Indian goods in China. The 50-year-old e-commerce billionaire was in India last week as a part of a 100-member delegation from China.

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Rupee tumbles to 1-year low

Dropping to an over 1-year low, the rupee breached 63 levels to end sharply lower (by 60 paise) on Tuesday at 63.54 against the dollar. The domestic currency was weighed down by heavy capital outflows due to negative growth data and global economic concerns amid sharp fall in peer currencies.

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Why Indian ports can’t compete with Colombo

Cargo ships are getting bigger to handle larger volumes from Asia, particularly China, to Europe and the US. The container ship CSCL Global is the new ‘monster at sea;’ over 100 mega ships with carrying capacity of around 15,000 boxes on board sail the oceans.

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