Transport Corporation

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Transport Corp board approves Rs 150 crore buyback at 11% premium, pairs move with China expansion

Transport Corporation’s board has approved a Rs 150 crore share buyback, offering to repurchase 15.62 lakh equity shares at an 11% premium to the prevailing market price. The company is simultaneously moving to establish a subsidiary in China, signalling a dual strategy of capital return and international logistics expansion. The buyback is designed to support shareholder value and may also reflect management’s confidence in the company’s balance sheet and cash generation. The China subsidiary, meanwhile, points to a broader push into major trade corridors as Indian logistics firms seek deeper exposure to cross-border supply chains.

By RDU Global Wire5 min read

Society, Crime & Public Affairs3h ago

Two Chhattisgarh Men Arrested After 10 Litres of Illicit Arrack Found on Bus Near Katpadi

Police in Katpadi arrested two bus passengers after seizing 10 litres of illicit arrack during a vehicle check near Christianpet village on Saturday. The accused, both from Chhattisgarh, allegedly told investigators they were carrying the liquor to Hosur to sell to workers at a private company.

4 min readRead →

National Governance & Policy5h ago

Telangana eyes tourism coupons to lure Hyderabad IT workers into weekend travel boom

The Telangana government is weighing a new "Tourism Coupons" initiative aimed at encouraging Hyderabad's large IT workforce to travel across the state on weekends, in a bid to expand domestic tourism and spotlight lesser-known destinations. The proposal comes alongside a much larger push to use AI, digital tools and private investment to position Telangana as a major tourism hub, with officials now targeting Rs 50,000 crore in tourism investments and 5 lakh jobs.

5 min readRead →

World Politics & Diplomacy2h ago

U.S. and Argentina Launch Andes-Atlantic Corridor to Tie Strategic Infrastructure to Western Markets

The United States and Argentina have launched the Andes-Atlantic Corridor, a sweeping infrastructure initiative aimed at modernizing transport, energy and digital links that move Argentine exports to Atlantic ports and Western markets. Announced on the margins of the U.N. General Assembly, the project is designed to attract public and private investment while deepening bilateral cooperation on supply chains, critical minerals and trusted technology.

6 min readRead →

Commodities, Energy & FX2h ago

U.S. and Argentina Launch Andes-Atlantic Corridor to Rewire Trade, Energy and Critical-Mineral Flows

The United States and Argentina have unveiled the Andes-Atlantic Corridor, a sweeping infrastructure initiative designed to connect Argentina's mineral-rich northwest and Vaca Muerta energy basin to Atlantic ports and Western markets. Announced on the margins of the U.N. General Assembly High-Level Week, the project is being framed as the first Partnership for Global Infrastructure and Investment corridor in the Western Hemisphere and a major test of U.S.-Argentine economic integration. The plan aims to unlock billions in investment across rail, pipelines, ports, power and digital networks, while supporting exports of lithium, copper, oil and gas. It also aligns with Argentina's reform agenda and could draw financing from U.S. agencies including EXIM and the DFC, alongside private capital.

6 min readRead →

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New Delhi(1)China(1)