LOGISTICS FACILITIES
Bright future for air cargo sector; need to ensure faster turnaround time: Official
The Indian government is working on improving processes and ensuring faster turnaround time in the air cargo sector to tap its potential. The government is also developing logistics hubs to improve the ease of doing business. The air cargo sector accounts for nearly 10% of domestic carriers' revenues and is estimated to grow to USD 16.37 billion by 2027.
UP-Hathras Stampede: How crowding, humidity led to 121 deaths in Hathras horror. What we know so far
In Hathras district, Uttar Pradesh, a stampede during a religious event led by 'Vishwa Hari Bhole Baba' killed at least 121 people and injured over 300. The tragedy occurred near Phulrai village, where a massive crowd exceeded expected attendance. Overcrowding, narrow exits, and boggy conditions from an overflowing drain contributed to the chaos. Authorities have launched an investigation, and UP Chief Minister Yogi Adityanath has vowed to identify those responsible. The incident highlights ongoing challenges in managing large public gatherings in India.
Warehouse operators take shine to solar power, rework logistics
The move towards renewable energy is not just a response to global environmental concerns but also a strategic business decision for many warehouse operators seeking to reduce operational costs and enhance sustainability.
The T20 World Cup was a milestone for cricket's global ambitions
With the decision to increase the size of the tournament to 20 teams and to play part of the group stage in the USA, the International Cricket Council (ICC) saw this World Cup as a vehicle for expansion of the sport's popularity. More teams from emerging cricket nations were given a chance to perform on the global stage and Americans were offered the opportunity to engage with a sport far from their mainstream.
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.
VRL Logistics outlook: Should you buy this stock? Know why analysts are bullish on this stock
VRL Logistics: Analysts are confident about VRL Logistics due to its aggressive expansion and investment plans, and the promising outlook of the logistics industry. The buoyant prospects of logistics industry will continue to support the company’s growth. The company has multiple differentiators to sustain its growth momentum. An Emkay May 2024 report states that its business model will help reap benefits of operating leverage due to owned assets and branch expansion plans.
- Go To Page 1
India, Russia prepare to sign military logistics pact soon
The pact will streamline procedures for Russian and Indian military units participating in joint exercises, ensuring seamless operations, sources said. It may also enhance a collective Eurasian security framework amid rising geopolitical tensions and expanding the International North South Transport Corridor.
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.
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.
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.
Shortage of long-haul truck drivers hits logistics industry
Low pay scales, harassment by highway authorities and cops, adverse weather conditions, risk of accidents, lack of benefits at work, lack of hygienic restrooms and night parking facilities are some of the reasons for high attrition that is also dissuading many from the new generation to join the profession.
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.
PM Gati Shakti, National logistics policy driving cold chain market growth
At the FICCI-Cold Chain and Logistics Summit on Wednesday, Ahirwar said that the gaps in physical infrastructure such as bad roads and inefficient ports are dampening the growth of the logistics sector, and these schemes are addressing those gaps.
Viksit elections, Bharat? Onus on EC and next govt to make election process less harrowing
Election season really began in January. By the time the new government and ministers are in place, and pending key civil service appointments are made, it will be June-end. In essence, the country would have devoted six months to the election. While the people's mandate is and must always be unexceptionable, this long period invites some questions.
Stocks in news: Godrej Properties, Whirlpool, Solara Active Pharma, TCS, Nestle India
Bandhan Bank reported a net profit of Rs 54.62 crore for the quarter ended March 2024, which was down from Rs 808 crore in the year ago period.
Roadblocks for q-commerce; Mizuho InCred deal
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in today’s ETtech Morning Dispatch.
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.
Yuzhan Technology lease out warehosuing space in Chennai after rise in exports of Apple iPhones in India
Yuzhan Technology, part of Taiwan’s Foxconn Group, leases 550,000 sq. ft. of warehousing space at ESR Industrial Park in Chennai for Apple iPhone exports. The facility supports Foxconn's scaling operations due to growing demand for Apple products manufactured in India, optimizing supply chain logistics for expanding export activity.
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.
Amazon to invest $1.3 billion in France, create 3,000 jobs
Amazon's 1.2 billion euros investment in France to create 3,000 jobs, enhance cloud infrastructure for GenAI, support AI startups, and research centers. Plans to expand logistics network for faster, eco-friendly delivery.
Why warehousing is a booming asset class for discerning investors in India
The demand for modern warehousing facilities is touching a new high as e-commerce and retail sales are seeing a surge with each passing day in India.
Innovaccer’s new funding round; ONDC’s logistics push
Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.
Hiranandani-Blackstone JV leases out 3 lakh sq ft industrial space to United Industries
The joint venture company GreenBase, formed by Hiranandani Group and Blackstone Group, has leased over 300,000 sq ft of industrial space in Pune to automotive component major United Industries. This deal, one of the largest in industrial real estate this year, is for a built-to-suit manufacturing facility in Greenbase Industrial and Logistics Parks, Talegaon. The facility is set to be operational in 8 months, creating jobs for 600-800 people.
Mahindra Logistics announces 6.5 lakh sq ft multi-client warehousing facility in Maharashtra
The first phase of the facility to be operational by the end of 2024 to serve Auto & Engineering customers in the region.
Mahindra Logistics to invest Rs 170 crore on warehousing facility near Pune
Mahindra Logistics will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region, the company said. The company and its partners are set to invest Rs 170 crore across multiple phases for the development of the new facility and related infrastructure.
Boeing opens warehousing facility in UP for parts supply
Boeing opened a warehousing facility in Uttar Pradesh, India for parts supply in collaboration with DB Schenker, which supports regional aviation customers. The distribution center reduces lead times and improves availability of spare parts for Boeing aircraft in India. It reaffirms Boeing's commitment to supporting growth in India.
Load More
