Russian army delegation visits key military logistics' installations in Agra
The five-member delegation, led by Major General Andrei Kozlov, Chief of the Directorate of the Military Railway Service of the Eastern Military District, visited the Army Base Workshop and the Central Ordnance Depot in Agra, an official release issued here said. The delegation was briefed about the modernised logistics installation.
YES Bank jumps 3% on acquiring 10.25% stake in Sical Logistics
YES on Wednesday informed bourses that it has acquired 60 lakh shares in Sical...
EV makers target delivery, logistics companies to widen market
Greaves Cotton-owned Ampere Vehicles, which makes electric scooters, has made ...
Snowman Logistics announces opening of open offer on stake buy by Adani Logistics
The open offer for additional 26 per cent stake of over 4.34 crore equity shares at Rs 44 a share, will close on March 4, Snowman said in an exchange filing. Last December, Adani Logistics (ALL) said it has signed a definitive agreement to acquire 40.25 per cent stake in Snowman Logistics from Gateway Distriparks for Rs 296 crore.
Samara-backed Spoton Logistics picks up stake in Chennai’s RTS
While its focus is on the automotive segment, Spoton eventually wants to add apparel and electronics to the segment. Spoton Logistics has been clocking revenue growth of 25% over the last three years.
In first trial of end to end refrigerated shipments, Maersk helps chillies from Varanasi reach UAE in 9 days
The eastern part of UP comprising of 5 districts – Ghazipur, Jaunpur, Chandauli, Mirzapur & Sant Ravidas Nagar which are some of the top producers of fresh fruits & vegetables, such as green chillies, bitter gourd, green peas, mango, guava etc. present an immense opportunity for the farmers and entrepreneurs in and around the region to boost its agro-exports.
Stock market update: 15 stocks hit 52-week lows on NSE
Among the stocks that touched their 52-week lows were Sical Logistics and Reliance Home Finance.
Xiaomi created 50,000 jobs in India
Xiaomi in a press statement said that it generated employment for 50,000 people in India.
Stocks in the news: Infosys, YES Bank, D-Mart, Edelweiss Financial and Snowman Logistics
Drug firm Granules India is recalling over 2.3 crore ranitidine tablets.
Shadowfax ties up with ASSOCHAM to upskill youth under the Skill India Mission
Under this partnership, ASSOCHAM will work with the government to create awareness about the benefits of working in this attractive sector and the right candidates shall be trained as per government standards to make them employment ready for the delivery & hospitality sector.
Blackstone to invest up to Rs 380 crore in Allcargo’s warehousing business
The investment will be “to develop industrial and logistics parks across India. Blackstone proposes to make its investment in the platform, by way of debt and equity,” said a statement.
Recruitment up at fund-rich logistics firms looking to expand turf
Recruitment companies such as Quess and PeopleStrong said there would be a 20-25% uptick in jobs in sorting and packing centres and in middle and last-mile delivery. Other in-demand work profiles would include fleet and warehouse managers, loading supervisors, and seafarers.
Estranged family of Gati promoter want board reconstituted
Brothers Dhruv and Manish with their mother Neera Agarwal approached the Hyderabad bench of the NCLT seeking tribunal’s intervention in the affairs of the company. They filed two separate petitions for Gati and TCI Finance, where Mahendra Agarwal is the promoter.
We over-invested in India, need to rightsize Blue Dart: DHL Express ecommerce solutions chief
"Why are companies like Amazon and Alibaba adding extra aircraft and flying everywhere, right? If there’s a decline in international trade, I think the traditional measurements such as those of GDP are not sufficient anymore," Ken Allen said.
BDB to tighten custodian process at bourse
The revamping exercise is being done after one of two parcels belonging to an exporter was recently found to contain an electronic item along with the cut and polished diamonds. This was detected after the parcels were scanned at the airport before being loaded on to a Cathay Pacific flight.
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