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Cargo transportation and logistics solutions provider Globe International Carriers Ltd on Saturday said its net profit zoomed over twofold to Rs 11.62 crore in 2025-26 following steady revenue growth and improved operational performance. The company's revenue from operations rose by 11.7 per cent to Rs 174.92 crore in FY26 compared to Rs 156.65 crore in FY25, a statement said. The group's focus on efficiency, execution and business diversification helped deliver resilient results despite a dynamic operating environment, Subhash Agrawal, Managing Director, Globe International Carriers said. In FY26, the group entered the hospitality sector through its subsidiary, Govind Kripa Infratech, which entered into an agreement with OPO Hotels & Resorts to operate and manage a 56-room upscale hotel in Jaipur. The company also launched the first phase of its proprietary AI-driven Smart Procurement & Vehicle Placement Interface, leveraging a WhatsApp-based chatbot ecosystem to automate ...
The newly-opened 594-km Ganga Expressway is expected to significantly reduce freight transit time across Uttar Pradesh, unlock annual logistics savings of up to Rs 30,000 crore and spur industrial and warehousing growth across more than a dozen districts, according to government estimates and industry players. The six-lane expressway, expandable to eight lanes, connects Meerut to Prayagraj through 12 districts, and is being projected as a major logistics and industrial corridor linking western and eastern UP. Industry estimates suggest UP currently handles around 245-260 million tonnes of intra-state freight annually, largely comprising food grains, construction material and retail goods, while outbound freight volumes are estimated at 135-150 million tonnes, driven by electronics, leather and agricultural produce. UP Industrial Development Minister Nand Gopal Gupta told PTI that the expressway would become "a new chapter" in the state's economy by accelerating industrial developmen
E-commerce enablement platform Velocity on Monday said it has earmarked Rs 100 crore to scale its logistics business, Velocity Shipping, over the next two years. The investment will be funded entirely through internal cash reserves and revenues from the company's core businesses. Since its launch in 2025, Velocity Shipping (formerly Shipfast) has onboarded over 900 brands. The platform is currently witnessing 70 per cent month-on-month growth in order volumes, according to a company statement, and now contributes nearly 40 per cent of Velocity's overall revenues. The Rs 100 crore investment will be directed toward strategic hiring, product development, and AI-led innovation across the logistics value chain. The company plans to double its shipping team and has already made senior hires to strengthen its last-mile capabilities. Velocity Shipping works with multiple third-party logistics (3PL) partners, including Delhivery, Ekart, Amazon, Blue Dart, Blitz, Pikndel and XpressBees, an