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Trading Radar For August 19: Reliance, Glenmark, Alembic, Sun Pharma, Hindustan Zinc, And ONGC Are On Stocks Watchlist
According to the jobs data released on Monday, India’s unemployment rate for those aged 15 years and above eased to 5.2% in July from 5.6% in June
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Sarbananda leads maritime push in Norway; India signs key global MoUs to boost collaboration
Oslo, June 5 : In a significant push to deepen maritime collaboration and promote sustainable growth, Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, led a high-level Indian delegation to Oslo, where Indian maritime companies signed multiple Memorandums of Understanding (MoUs) with global industry leaders. At the heart of the engagements was the signing of a Memorandum of Intent (MoI) between Germanys Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG and Indias Garden Reach Shipbuilders & Engineers Ltd (GRSE). The deal involves the construction of four additional 7,500 DWT multi-purpose hybrid vesselsreinforcing an ongoing order of eight ships currently being built at GRSEs Kolkata facility. These vessels will feature hybrid propulsion systems and incorporate the latest in cybersecurity protocols. GRSE also signed MoUs with Aries Marine LLC (UAE) for collaborative work on offshore platforms and vessels, and with a global engine manufacturer to further augment its technological and manufacturing capabilities.
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