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IOCL to invest $7.11 bn in naphtha cracker project in India’s Odisha

Indian government-owned Indian Oil Corporation will invest $7.11 billion in Odisha state to set up a naphtha cracker project at Paradip.
IOCL and the state government will sign an MoU regarding the project this month during the ‘Utkarsh Odisha Make in Odisha 2025’ summit.
The foundation stone for IOCL’s ₹4,352 crore (~$.53 billion) yarn project at Bhadrak in the state will also be laid then.Read More

03.01.2025Comments Off,
Sweden’s H&M Move introduces softmove yoga leggings & wellness range

H&M presents the Wellness Edit, merging H&M MOVE, Beauty, and HOME to encourage self-care.
Featuring Yoga leggings in SoftMove with LYCRA SPORTS fabric, it offers comfort, functionality, and natural tones.
The collection includes sports bras, jackets, K-beauty tools, plush towels, robes, candles, and home décor.
Perfect for yoga, pilates, and relaxation, it launched globally on January 2, 2025.Read More

03.01.2025Comments Off,
Drewry WCI rises as industry anticipates ILA strike, policy changes

The Drewry World Container Index rose to $3,905 per FEU, a 2.68 per cent increase.
This rise is attributed to the anticipated ILA strike and potential disruptions from the Trump Administration.
Although below the pandemic peak, rates are significantly higher than the 2019 average, with further increases expected due to the looming strike and expected tariff hikes.Read More

03.01.2025Comments Off,