SLCM ties up with United Amara Bank for collateral financing

The Sohan Lal Commodity Management (SLCM) Group today said its fully-owned arm SLCM Ltd has signed an agreement with United Amara Bank for collateral financing in Myanmar.
"We have signed a pact with Myanmar's United Amara Bank for collateral financing in Myanmar. The step is aimed at strengthening the network for providing collateral management solutions to farmers, processors, traders, exporters and importers in Myanmar," SLCM said in a statement.
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VOC Port creates new record in single day cargo handling * The V O Chidambaranar (VOC) Port today said it has handled a record 1,61,108 tonnes of cargo on a single day on July 10 last.

This surpassed the previous single day cargo handling record of 1,48,116 achieved on March 28 this year, VOC Port said in a statement.
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Kenghe appointed Senior VP of Myntra
* Myntra, an e-commerce platform for fashion and lifestyle products, today said it has appointed Ambarish Kenghe as Senior Vice President and Head of Product.
Ambarish will start working at Myntra's Bengaluru headquarters by the end of this month and will report to CEO Mukesh Bansal to scale up Myntra's product roadmap while leveraging the mobile smartphone revolution in the country, Myntra said in a statement.
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Cochin Port joins club of deep draft ports * Cochin Port has joined the club of deep draft ports in the world, servicing 14.5 metres draft vessels, with the call of mainline container vessel M V Petrohue at Vallarpadam International Container Tran-shipment Terminal (ICTT).

M V Petrohue, which called at ICTT yesterday, is part of the shipping service GALEX (GLX- a consortium of four vessel operators - ESL, KMTC, RCL and Hanjin) connecting Pusan, South Korea, Shanghai, Ningbo, Chiwan, Singapore, Port Klang, Colombo, Cochin, Nhava Sheva, Mundra and Jebel Ali, Cochin Port Trust said in a statement.