Tuesday, Jan 18 2022 | Time 09:09 Hrs(IST)
Business Economy

Chowgule SBD delivers 6th vessel to Wijnne and Barends of Netherlands

Panaji, Nov 30 (UNI) The Chowgule Shipbuilding Division on Tuesday announced that it has delivered its 32nd vessel to Europe.
MV LADY HANNAH, the 4220 DWT Ice Class 1A MPP Cargo carrier vessel, sixth and the last from a series of six vessels, was delivered to Netherlands- based Wijnne & Barends from Chowgule’s Loutulim shipyard on Tuesday, a statement from the company said.
The contract for a series of six vessels was signed in 2017 and the deliveries started from June 2019.
These energy-efficient Ice Class vessels are first of its kind to be built in India.
Arjun Chowgule, Executive Director of Chowgule and Company, said, “The team at Chowgule SBD worked relentlessly to meet delivery schedules despite the Covid-19 pandemic. The workforce commitment made it possible to deliver four vessels after the first lockdowns started.. They worked with full resolve to overcome various challenges especially related to the supply chain. The shipyard has again created a benchmark due to its experienced and committed team.”
More News

17 Jan 2022 | 11:43 PM

Mumbai, Jan 17 (UNI) Realty player Prestige Group on Monday said its sales have more than doubled in the quarter ended December 31, 2021 to Rs 4267.6 crore, while the collections increased by around 70 per cent at Rs 2431.6 crore, as compared to the corresponding period last fiscal.

see more..

India, UK commit to comprehensive strategic partnership, doubling trade by 2030 at JETCO meet

17 Jan 2022 | 11:32 PM

New Delhi, Jan 17 (UNI) India and the UK have welcomed the launch of UK-India Free Trade Agreement (FTA) negotiations and the first round of negotiations taking place on Monday which marks a new phase in the strategic and trade relationship between the two countries, a joint statement of the 15th Meeting of the India-UK Joint Economic and Trade Committee (JETCO) released by the British High Commission said.

see more..

Textiles Ministry clears 20 projects in specialty fibres, geotextiles

17 Jan 2022 | 11:16 PM

New Delhi, Jan 17 (UNI) The Ministry of Textiles on Monday cleared 20 strategic research projects worth Rs 30 crore in the areas of specialty fibres and geotextiles. These projects fall under the flagship national technical textiles mission programme.

see more..

FADA seeks depreciation scheme back & extension for FY ‘23 as Budget wish

17 Jan 2022 | 11:07 PM

New Delhi, Jan 17 (UNI) The Federation of Automobile Dealers Association (FADA) has sought reintroduction of the depreciation scheme which was valid only till 31 March ’20 to be further extended for FY 2022-23 and introduction of benefits of claiming depreciation on vehicles for individuals paying income tax in its recommendations for the Budget to the Finance Ministry.

see more..
Tech Mahindra acquires Europe-based IT company for 310 million Euros

Tech Mahindra acquires Europe-based IT company for 310 million Euros

17 Jan 2022 | 9:52 PM

New Delhi, Jan 17 (UNI) Tech Mahindra on Monday announced 100 per cent acquisition of stakes in Europe-based IT solutions and service provider Com Tec Co IT (CTC) for 310 million Euros, (around Rs 26 billion), including earnouts and synergy-linked payouts.

see more..