LOGISTICS BUSINESS

Ather's Maha plans: BJP leader urges CM Siddaramaiah to persuade firm to invest in Karnataka

BJP MLA Arvind Bellad urged Karnataka government to persuade Ather Energy to set up its plant in Dharwad district, expressing disappointment over the company choosing Aurangabad for investment.

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.

Caught in a rut: How fruits of the season are falling victim to climate extremes

Shift in climate patterns has dealt a big blow to the production of many seasonal fruits like apples. Stakeholders say it is time to find ways to minimise this loss, as the issue is here to stay.

Third-party firms Delhivery, Xpressbees look to sort out logistics of quick commerce race

Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges. Sensing opportunity in the q-commerce space, Delhivery has started to work with Swiggy Instamart’s larger warehouses which supply to small dark stores, or fulfilment centers. Meanwhile, Xpressbees is talking to multiple players for the same.

Allcargo Logistics arm partners with ShipBob for ocean, air freight services

ECU Worldwide, a subsidiary of Allcargo Logistics, partners with ShipBob to offer freight services globally through FreightBob program, enhancing e-commerce inventory management with ECU360 tech-driven platform.

Ambuja Cement acquire 100% stake in Penna Cement for Rs 10,422 crore

Ambuja Cement, a company owned by Adani group, has signed a definitive agreement to acquire Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, as per the company’s filing on the stock exchanges.

5 stocks close crossing below VWAP on June 7

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.

Capital goods train delay hits India Inc's capex plans as manufacturers in China & Southeast Asia embark on their own expansion plans

Geopolitical tensions and the Red Sea crisis have increased delivery times for machinery, affecting production lines and capital goods planning for Indian companies like Amber Group and Havells India.

India's monumental election logistics: A global showcase of democratic process

India is conducting the world's largest democratic election with 968.8 million registered voters. This massive process, nearly three times the U.S. population, is being held in seven phases, ending on June 1, with results expected on June 4. Sanjay Pulipaka of the Politeia Research Foundation highlighted the immense logistics involved, managed by the Election Commission of India (ECI) through efforts like using the Aadhaar system for voter registration and special outreach for marginalized groups.

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.

Red Sea crisis driving up cost of white goods

The Red Sea conflict is causing a shortage of shipping containers, leading to challenges like contract cancellations due to the force majeure clause. Shipping lines are adjusting to the situation post the financial year closure.

Delhivery partners with SUGAR Cosmetics for pan-India B2B logistic operations

Delhivery has partnered with SUGAR Cosmetics to manage its B2B logistics operations in India. The company will use Delhivery's extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services to ensure faster delivery of B2B consignments. SUGAR Cosmetics, India's third-largest colour cosmetics brand, will benefit from Delhivery's express PTL service for quick stock replenishment.

Deutsche Bahn invites fresh bids for €15 billion logistics arm

Deutsche Bahn AG has evaluated bids for DB Schenker. Companies such as CVC, Carlyle, DSV, Maersk, MSC, Bahri, ADQ are the potential buyers.

Most states out with draft rules under new labour codes, about 3 cr job opportunities in 2022-23: Labour secretary

Labour secretary Sumita Dawra said the labor reforms have been put in place with an eye on ease of doing business, simplification, and reduction in compliance burden, decriminalization and seamless dispute resolution, promotion of labor market flexibility at the same time in harnessing female participation, leveraging technologies, and meeting the scale needs of the economy, whether at the national or international level.

Delhivery’s chief business officer Sandeep Barasia exits after nearly a decade

New-age logistics firm Delhivery reported a net loss of Rs 68 crore for the January-March quarter, slipping back into the red after posting a profit after tax of Rs 12 crore for the December quarter. On a year-on-year basis, the net loss was down 57%.

Tamil Nadu among best states for economic zone: DP World official

DP World Vice President, Economic Zones, India Subcontinent and MENA, Ranjit Ray, said Chennai also has strategic advantages since it is connected to South Asia, Africa, Australia via the sea route.

Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred

Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.

Govt mulls survey to estimate cost of logistics incurred by businesses

Government plans a survey with NCAER to estimate logistics costs accurately for businesses. DPIIT aims to improve World Bank Logistics Performance Index. The survey will provide insights into transportation costs and administrative bottlenecks.

Government push to help ONDC get shopfront on ecommerce sites

The Centre has asked Amazon and Flipkart to set up Open Network for Digital Commerce (ONDC) storefronts on their home pages to help the government-backed network scale up operations and assist with deliveries, said executives aware of the development. The aim is to boost operations and order efficiencies as well as iron out glitches and delays on ONDC, they said.

Indian road logistics industry revenues to grow at 3-6 per cent in FY2025: ICRA

The outlook for the sector continues to be stable, fuelled by sustained momentum in economic activities, enhanced traction of organised trade and continued support from varied segments like e-commerce, FMCG, retail, pharmaceuticals, and industrial goods.

Kiko hits 99% fulfillment rates and doubles Kirana orders

"ONDC is constantly working with us to improve processes further and keep improving this metric, and also bring multiple hyperlocal logistics partners on the platform to bring delivery speeds on par with Quick Commerce. We are working to fulfill every retailer's dream of a successful digital footprint,” Alok Chawla, Co-Founder of Kiko Live, said.