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The Tamil Nadu government on Tuesday rolled out the "Chief Minister's Thayumanavar Scheme" to deliver ration items at the doorsteps of over 21 lakh beneficiaries, an initiative CM M K Stalin described as close to his heart since it would benefit senior citizens aged over 70 years and differently abled persons. Stalin marked the rollout of the scheme by flagging off vehicles meant for this purpose here and also visited the homes of some of the beneficiaries and handed over to them the essential commodities. The scheme was formulated keeping in mind the difficulties faced by the said group of ration card holders to access fair price shops and the additional expense of Rs 30.16 crore incurred in the rollout was the government's "life-saving responsibility" towards the public, he said. "So much of thought goes into the formulation of every scheme and the Thayumanavar Scheme is close to my heart. Launched by the Cooperative department, it involves taking ration items to the doorsteps of
Fred Smith, the FedEx Corp. founder who revolutionised the express delivery industry, has died, the company said. He was 80. FedEx started operating in 1973, delivering small parcels and documents more quickly than the postal service. Over the next half-century, Smith, a Marine Corp. veteran, oversaw the growth of a company that became something of an economic bellwether because so many other companies rely on it. Memphis, Tennessee-based FedEx became a global transportation and logistics company that averages 17 million shipments per business day. Smith stepped down as CEO in 2022 but remained executive chairman. Smith, a 1966 graduate of Yale University, used a business theory he came up with in college to create a delivery system based on coordinated air cargo flights centred on a main hub, a "hub and spokes" system, as it became known. The company also played a major role in the shift by American business and industry to a greater use of time-sensitive deliveries and less ...
IPO-bound Shiprocket, an e-commerce enablement platform, on Thursday announced a strategic partnership with AI-native commerce platform Fynd to enhance last-mile delivery for over 300 direct-to-consumer brands. With this partnership, Fynd will also integrate Shiprocket's logistics provider aggregation services, including courier selection, price comparisons, and order tracking, enabling brands on Fynd to fulfil orders using Shiprocket's logistics partners, the company said in a statement. The service is already live for over 300 active direct-to-consumer brands on Fynd's order management system. With Shiprocket's network, the partnership is expected to improve delivery timelines, especially in Tier II and Tier III markets, it added. "This partnership brings logistics automation and delivery optimisation to the fingertips of Fynd's brand ecosystem. Partnering with Fynd brings that vision to life for hundreds of growing D2C businesses," said Shiprocket's Chief Executive Officer ...