logistics
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AVG Logistics acquires over 50 cold chain vehicles
PTI -
This acquisition takes the company's total cold chain fleet strength to 275New Delhi: AVG Logistics Ltd on Wednesday announced the acquisition of over 50 cold chain vehicles, thereby strengthening its fleet operations.The cold chain vehicles have been acquired from...
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Mahindra Logistics announces sale of entire 39.79% stake in TLPL
PTI -
Post completion of this sale, TLPL would cease to be an associate of the companyNew Delhi: Mahindra Logistics on Wednesday announced the sale of entire 39.79% stake in its associate company Transtech Logistics Pvt Ltd (TLPL).Post completion of this...
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Prozo launches new warehouse in Kanchipuram
The large warehouse with 5 metric tonne storage is going to significantly boost Prozo’s warehousing capacities in the Chennai region
New Delhi: Supply chain company Prozo has operationalised a 99,771 sq. ft. warehouse at Kanchipuram, Tamil Nadu, a release by the...
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India’s logistics cost ranges from 7.8 – 8.9% of GDP in FY22: NCAER estimates
PTI -
The NCAER report establishes that the logistics costs in India are reducing, from 8.8% - 10% of GDP in 2012-13 to 7.8% - 8.9% of GDP in 2021-22New Delhi: The logistics cost in India ranged from 7.8% to 8.9%...
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Targeted action plan to improve India’s logistics efficiency, global ranking
PTI -
This will improve India's ranking in the World Bank's LPI (Logistics Performance Index), the Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi: The commerce and industry ministry on Thursday said a targeted action plan has been shared...
E-Commerce
ONDC announces Build for Bharat initiative
The initiative intends to tap into India’s technological and entrepreneurial potential with an expected participation of over 2,00,000 participants representing startups, companies and colleges.
New Delhi: Open Network for Digital Commerce (ONDC) has announced a new initiative called ‘Build for Bharat’,...
E-Commerce
The Green Revolution in Retail
A look at the different initiatives taken by players in the retail ecosystem to reduce their carbon footprint
New Delhi: The retail industry accounts for over 25% of carbon emissions with a majority of this occurring in the retail value...
E-Commerce
IWAI, Amazon ink pact to promote cargo movement via inland waterways
PTI -
The aim of this partnership is to leverage the efficiency and sustainability of water transport to streamline logistics, reduce environmental impact and foster economic growthNew Delhi: Inland Waterways Authority of India (IWAI) and Amazon Seller Services have signed an...
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Page Industries Q2 profit falls 7.3 pc to Rs 150 crore; revenue declines 8.4 pc to Rs 1,125 crore
PTI -
Page Industries' expenses in the September quarter were at Rs 927.42 crore, down 8.92 per centNew Delhi: Apparel manufacturer Page Industries Ltd on Thursday reported a decline of 7.3 per cent in its net profit at Rs 150.27 crore...
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Xpressbees gets USD 80 million investment from Teachers’ Venture Growth
PTI -
This investment will be used to help drive further growth for the Xpressbees platform and support the company's strong management team with their future ambitions, Xpressbess saidMumbai: Third-party logistics platform Xpressbees on Tuesday said it received an investment of USD...
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Retail sales grow 8% y-o-y in March 2024: RAI Survey
According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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