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Diversified public sector enterprise Balmer Lawrie & Co Ltd is expanding its domestic logistics operations, including rail logistics and third-party logistics, while aligning its travel businesses with the growth in domestic tourism as geopolitical tensions and tariff protectionism disrupt global supply chains. Addressing the company's 109th Annual General Meeting here on Monday, its Chairman Adhip Nath Palchaudhuri said the company was adapting its operations to an increasingly volatile global environment, where geopolitical developments and national security considerations were increasingly influencing global trade. The company is expanding its supply chain touchpoints with greater emphasis on domestic logistics operations, including its new rail logistics and third-party logistics businesses, he said. Balmer Lawrie's logistics business already provides integrated supply chain solutions through its network of container freight stations, warehouses and specialised cold-chain ...
Uzbekistan is keen to import steel from India, a strategic move aimed at significantly lowering logistics costs for the landlocked Central Asian nation, an industry official said on Tuesday. The landlocked country imports around 1 million tonnes of steel, including TMT bars, from China, the official said. The logistics cost from China to Uzbekistan via sea route is as high as USD 100 per tonne, in addition to the actual steel cost. The country is keen to import steel from India via a shorter, alternative route. It would lower its logistics cost, the industry member said, adding that the Uzbekistan Metallurgy Association has also signed a Memorandum of Understanding with the Indian Steel Association (ISA) in this regard. "Both associations will work towards manufacturing, technology, environment, sustainable growth, logistics etc and to facilitate interaction for the purpose of advancing mutual understanding among the steel industries of India and Uzbekistan," he added. The developm
Ekart, the supply chain arm of the Flipkart Group, on Tuesday announced the opening of its pan-India logistics network to external businesses, including micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands, and fast-moving consumer goods (FMCG) companies. The expansion is being driven through a new franchise model and scaled, dedicated warehousing capabilities, the company said in a statement. Under the new franchise model, Ekart has operationalised over 300 outlets across Surat, Mumbai, Delhi, and Bengaluru. The company plans to expand this network to more than 1,000 outlets by the end of 2026, allowing small businesses to route shipments through its national network without needing to build their own logistics infrastructure. Additionally, external brands can now utilise over 1 million square feet of Ekart's dedicated warehousing space for end-to-end fulfilment. The logistics provider is adding further capacity across Delhi-NCR, Hyderabad, Kolkata, and Mumb
Global alternative asset manager Alpha Wave Global has exited logistics company Delhivery by selling its entire 1.93 per cent stake for Rs 665 crore through open market transactions. Following the stake sale, shares of Delhivery on Thursday fell 2.21 per cent to trade at Rs 470.40 apiece on the NSE, and the scrip also slipped 2.15 per cent at Rs 470.25 per piece on the BSE. US-based Alpha Wave Global, through its affiliate, Alpha Wave Ventures, LP, offloaded a total of 1,44,44,800 shares in two tranches, representing a 1.93 per cent stake in Delhivery, as per the bulk deal data available on the BSE and NSE. The transactions executed on Wednesday in the price range of Rs 460.03-460.36 apiece, taking the combined deal value to Rs 664.74 crore. At the end of the March quarter, Alpha Wave Ventures, LP held a 1.93 per cent stake in Gurugram-based Delhivery. On Tuesday, venture capital firm Nexus Venture Partners sold more than 43 lakh shares of Delhivery for Rs 208 crore. In a separat