India State-Owned Garden Reach Shipbuilders IPO Shows Weak Response

Sept 26 (Reuters) - State-owned Garden Reach Shipbuilders & Engineers Ltd's initial public offering (IPO) to raise up to 3.45 billion rupees ($47.45 million) received weak response from investors with only 67 percent of the shares on offer being subscribed on the closing day on Wednesday. Investors bid for around 19.7 million shares of the defence shipbuilder, compared … [Read more...]

With Ports, Ships and Promises, India Asserts Role in Southeast Asia

By Raju Gopalakrishnan SINGAPORE, June 3 (Reuters) - Almost lost in the din of the upcoming U.S-North Korea summit and fresh tension between Washington and Beijing last week, India cemented its diplomatic and security ties across Southeast Asia in a clear challenge to China. It's not clear just how far New Delhi will take these relationships, given years of promise, and a … [Read more...]

Indonesia, India Plan to Develop Strategic Indian Ocean Port

By Agustinus Beo Da Costa JAKARTA, May 30 (Reuters) - Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian President Joko Widodo met Indian Prime Minister Narendra Modi to discuss, among other … [Read more...]

Blast at India’s Cochin Shipyard Kills Five, Injures Several Others

BENGALURU, Feb 13 (Reuters) - A blast caused by a fire on a ship under repair at India's Cochin Shipyard Ltd killed five people on Tuesday, and injured around 11, a company spokeswoman said, prompting the government to call for a quick enquiry. The spokeswoman said smoke hampered rescue operations initially and that an investigation would be launched soon. The ship belongs … [Read more...]

DP World and India’s Infrastructure Fund Plan $3 Billion Investment in Transport and Logistics

By Arif Sharif (Bloomberg) -- DP World Ltd., the Dubai-based port operator that manages terminals from Hong Kong to Peru, and India‚Äôs National Investment & Infrastructure Fund plan to jointly invest up to $3 billion in the South Asian nation. The companies set up a platform to invest in ports, terminals, transportation and logistics businesses in India, DP World said in … [Read more...]