DRONE LOGISTICS SOLUTION PROVIDER
Optiemus Infracom in talks with govt, cooperatives to deploy 6,000 drones next year
Optiemus Infracom plans to deploy up to 6,000 drones in India next year, aiming for a revenue of Rs 600-900 crore. Chairman Ashok Kumar Gupta aims to disrupt the market pricing by offering drones with a 10-litre payload capacity for Rs 2.25 lakh each. The company is in talks with the government and cooperatives, focusing on agriculture spray, with plans to invest Rs 140 crore in drone manufacturing.
Indian financial services sector is experiencing a significant upswing: Inventure Growth & Securities’ Kanji B Rita
India's financial services sector is poised for sustained growth. By leveraging the demographic advantage, embracing technological advancements, and prioritizing financial inclusion, a robust and inclusive financial ecosystem can be built, says Inventure Growth’s Kanji B Rita.
CJ Darcl leases 1.25 lakh square feet space at Narasapura IndoSpace park
This strategic move is aimed at enhancing CJ Darcl's warehouse and distribution management capabilities in South India, allowing the company to provide tailored end-to-end logistics solutions to its clients.
India may be supplying arms to Israel as 'return favor' for Kargil, claims Former Israeli Ambassador
Former Israeli Ambassador Daniel Carmon has indicated that India might be providing arms to Israel for its Gaza conflict, as a gesture of gratitude for Israel's support during the 1999 Kargil War. Reports claim India supplied drones and munitions to Israel, though India has neither confirmed nor denied these claims. The ongoing conflict has sparked protests in India, raising concerns about the support of Israel's military actions in Gaza.
Blue Dart launches drone deliveries in collaboration with Skye Air
Blue Dart has launched drone delivery services in partnership with Skye Air, focusing initially on the e-commerce sector. The initiative aims to enhance delivery efficiency and sustainability in logistics. Blue Dart, a leader in drone technology for logistics, has conducted Visual Line of Sight (VLOS) trials in Vikarabad in 2021 and Beyond Visual Line of Sight (BVLOS) trials under Telangana Government's 'Medicine from the Sky' initiative in collaboration with Skye Air.
ESR acquires additional 27 acres in Chennai’s Oragadam to expand industrial park
ESR Group, focusing on real estate services and investment in the Asia Pacific region, has expanded its industrial and logistics park in Chennai’s Oragadam by acquiring an additional 27 acres of land. This brings the total area of ESR Oragadam Industrial & Logistics Park to 107 acres, with plans to develop 2.5 million sq ft. The Hong Kong-listed company will invest over Rs 276 crores for construction, including land costs.
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Drone logistics solution provider Skye Air secures $4 million funding
Ankit Kumar, founder and CEO of Skye Air said this fresh funding will help the company to expand its last-mile network across Gurugram and other cities for various service like healthcare, ecommerce. Kumar added he is hopeful that his company will be able to contribute to India's drone sector growth and make India a global drone hub by 2030.
Engineering students demonstrate fire dousing drone-prototype at Gopalan College tech fest
The fire safety solution aimed to swiftly extinguish severe fire accidents, thereby saving lives, preventing the destruction of buildings, and protecting the environment. The rapid deployment of these drones could prevent fires from spreading to nearby areas. The prototype demonstrated at the event had significant potential for further development to cover larger areas.
Liquid IEDs: New threat emerging in terrorism theatre of Kashmir
In a recent raid, Jammu and Kashmir police recovered difficult-to-detect liquid IEDs, marking their return to militancy after 17 years. The explosives were found with the help of an Over Ground Worker (OGW) arrested after a gunfight in Pulwama, where Lashkar-e-Taiba terrorists Riyaz Dar and Rayees Dar were killed. Riyaz Dar, an A++ terrorist, and Rayees Dar, an A category terrorist, were involved in various terror activities. The police arrested four OGWs and discovered the liquid IEDs hidden in orchards. This raises concerns as liquid explosives can evade conventional detection methods.
Drone delivery startup Skye Air raises $4 million in funding
Skye Air, a drone delivery logistics solution provider, raised $4 million to expand its last-mile network in Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries.
Axiscades Technologies to supply drone systems to Indian Army under Rs 100 crore order
Axiscades Technologies announces a Rs 100 crore order to deliver Man Portable Counter Drone Systems to the Indian Army. The system, capable of operating on battery and main power supply, can detect and jam various drones up to 5 kilometers away. The company plans to complete all deliveries by 2024. CEO Arun Krishnamurthi highlights the innovation in providing advanced security solutions to meet the armed forces' needs.
Political noise is temporary in the end it's about GDP growth; 6 logistics companies with upside potential of up to 39%
It will take some more time for the street to get out of the political noise and analysis and stocks may witness some more correction. But these are all short term issues, in the end markets are keen about two things, overall economic growth and earnings of the company. In the recent political noise what has been probably getting missed is the fact that GDP numbers were better than expected. It is very likely that we are going to see continued growth in the GDP numbers, yes, there would be voices which would say that focus consumption would increase and all other things, but in the end the biggest beneficiary of the continued higher growth is the logistics sector. The reason is simple, if the economy is doing well, more goods will be produced and they will have to be transported and that is why in large developed economies, logistic companies form part of a very important transportation index. Also another big factor, these companies have gone through a restructuring and have come out after facing many challenges.
Driving logistics forward: How Gurugram-based Varuna Group is maintaining a balance between innovation and sustainability
Varuna Group, established in 1996, is a logistics services provider leveraging advanced digital technologies like IoT, AI, data analytics, and WMS for efficient warehousing and distribution.
A Mumbai firm finds a way to reduce container turnaround time from 34 days to 2 days
Backed by Zerodha founders, MatchLog Solutions has found an answer to an issue that has haunted transporters for years.
Govt needs to further expand PLI scheme to make India 'Global Drone Hub': Report
As per the Ministry of Civil Aviation projections, the Indian drone manufacturing industry is expected to reach Rs 900 crore by 2025 from just Rs 60 crore in 2020-21, according to a study conducted by Nexgen Exhibitions. It also noted that the Indian drone market is expected to grow at 22.15 per cent CAGR (compounded annual growth rate) during the 2024-30 period.
Delhivery forms subsidiary to offer drone services
Delhivery's new subsidiary, Delhivery Robotics India Pvt Ltd, will offer drone services, in addition to manufacturing and research and development of unmanned aerial vehicles. The Gurugram-based company had acquired Transition Robotics in 2021, marking its foray in the drone technology space. On Friday, Delhivery reported an 11% rise in Q4 operating revenue.
Premier Roadlines shares list at 30% premium over issue price
Premier Roadlines shares list at 30% premium on the NSE SME platform, debuting at Rs 87. The oversubscribed IPO offers logistics solutions to B2B customers. Hem Securities lead managed the IPO with a focus on vehicle purchase, working capital, and general corporate purposes.
Cold-chain solutions startup Celcius Logistics raises $4.8 million led by IvyCap Ventures
Celcius Logistics connects shippers and transporters and is a solution for all cold-chain requirements, helping with last mile and hyperlocal delivery for all stakeholders.
Premier Roadlines IPO: Check issue size, price band, GMP and other details
Premier Roadlines IPO: The company is targeting to raise approximately Rs 40 crore through the SME IPO and intends to list the shares on the NSE SME platform. Here are 10 essential points investors should familiarize themselves with before considering subscribing to the public offer.
TVS Supply Chain clinches deal to manage VE commercial vehicles' Baggad plant
VE Commercial Vehicles has been associated with TVS Supply Chain Solutions since 2006 for in-plant logistics operations of their truck plant in Pithampur, Madhya Pradesh.
Premier Roadlines IPO to open on May 10, price band at Rs 63-67 per share
The company intends to utilise the proceeds from the issue to pare debt availed by the company, purchase vehicles for commercial purposes, meet working capital requirements and general corporate purposes.
Need for speed: Growing global markets provide India’s exports huge potential. But how to reach them?
Logistics inefficiencies and the lack of a state shipping line make it difficult for Indian MSMEs to reach key export markets faster. This gives competition a leg up at a time when the country wants to be a manufacturing and export powerhouse.
NDR Warehousing leases 4 lakh sq ft to a tyre firm in Pune Park
NDR Warehousing has leased 4 lakh sq ft of space in its upcoming logistic park in Pune to a Chennai-based tyre company. The project is part of NDR Warehousing's expansion plan, with plans for over 80 acres in Pune, indicating potential for an additional 1.8 million sq ft of industrial and warehousing space. The new facility, constructed in just 7 months, has a warehouse area of approximately 0.4 million sq ft and is part of NDR Warehousing's future growth plans.
Indian Army celebrates 40 years of 'Operation Meghdoot' on Siachen Glacier
The Indian Army celebrates 40 years since 'Operation Meghdoot' began, securing the Siachen Glacier. Technological advancements include VSAT technology for communication, heavy-lift helicopters, and logistic drones for essential supplies. Medical infrastructure and connectivity improvements benefit troops and local communities. Indian Air Force's role in airlifting troops and supplies, including fighter aircraft operations, has been crucial in maintaining military dominance in the region. Despite extreme conditions, the IAF continues to support operations, setting records in endurance and technical proficiency.
An emerging headwind may provide opportunity for long-term investor; 5 Logistics companies with an upside potential of up to 35%
When it comes to investing based on sectoral trends, it is important to keep eyes both on the tailwinds and headwinds. Why headwinds, because they sometimes end up providing opportunities for investors with long term perspective. Especially in times like today when bears are seen more often on the street. In the last two days there has been chatter that oil prices may further strengthen upward. While rising oil prices is a headache for the whole of the Indian economy, the fact is it has the highest co-relationship with a sector like logistics, where change at the pump level prices hit the margins very next day. Will the oil prices rise further in the months to come because if they are moving upward in the summer season where the demand is normally lower, then is it an indication that in winters things might even be higher? Whether the oil prices actually shoot up or not, it would become much later but one set of companies which will get impacted by narrative would be logistic companies. So, when the narrative makes them hit, should they be looked at with a long term investment perspective is the question which needs to be answered.
DBS looks to be a banker to startups
DBS Bank is considering several startups including in healthcare, technology, and firms using Artificial intelligence (AI) in financial services such as insurance; transportation, logistics and retail, waste management companies and supply chain logistics spaces, Verma said.
WNS opens 60,000 sq ft delivery centre in Hyderabad
Business process management (BPM) solutions provider WNS Holdings' Hyderabad office has a total of around 1,400 employees. The new center, located at Prestige Sky Tech, Nanakramguda in Hyderabad, joins nine other centres.
Scandron receives DGCA Type Certification for logistics drone
Scandron receives DGCA Type Approved logistics drone certification, enabling efficient delivery for critical medical supplies and streamlining e-commerce logistics. Partnership with CriticaLog India introduces drone-based solutions. Manufactured in Bengaluru facility with a command and control centre.
Skye Air enters into partnership with SMILe to deliver shipments via drones
Logistics provider Skye Air has teamed up with e-commerce enabler SMILe to introduce drone delivery solutions. The partnership aims to enhance order fulfillment speed in urban areas using Skye Air's autonomous logistics technology. This collaboration enables Shree Maruti sellers to offer same-day and next-day deliveries, revolutionizing the delivery process to be more efficient and eco-friendly. Both companies see this as a significant step in shaping the future of e-commerce logistics in India.
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