Page 8 - Delhivery
Logistics firm Delhivery to create 75,000 seasonal jobs in next six weeks
Self-employed persons, students, retired professionals, other job seekers may sign up as last-mile agents; they only need a two-wheeler, valid driving license and smartphone
 "Logistics firm Delhivery to create 75,000 seasonal jobs in next six weeks")
Delhivery plans to hire over 75,000 employees to expedite parcel sortation
Logistics firm Delhivery on Friday announced its plans to hire over 75,000 staff for seasonal jobs over the next one-and-a-half month and expand its parcel sortation capacity by 1.5 million shipments per day. Of these, over 10,000 people will be off-roll employees across Delhivery's gateways, warehouses, and last-mile delivery, the company said. The hiring is aimed at meeting the expected higher volumes in both parcels and express part-truck load business during the festive season, it added. The company's fully-automated mega gateway, which is equipped with the automated parcel and hub sortation at Tauru became operational in April this year. The company said it will also double down on its various partner programmes by onboarding individual bikers, local retailers, business partners and transporters with plans to roll out a revenue payout of Rs 150-crore across all programmes. Delhivery said it will hire 50,000 last-mile agents under its Last-Mile Agent programme alone, which off
Analysts bearish on Delhivery as volumes, integration costs weigh on Q1
Analysts, which expect improvement in the second half, are currently bearish on the stock
Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%
CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent
 "Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%")
Delhivery Q1 results: Net loss widens to Rs 399 cr; total income rises 32%
The firm's total income rose 32% to Rs 1,795 crore in Q1FY23
Stocks to Watch: Bharti Airtel, Nykaa, Paytm, BPCL, SBI, Titan, Adani Ports
Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.
 "Stocks to Watch: Bharti Airtel, Nykaa, Paytm, BPCL, SBI, Titan, Adani Ports")
Institutional investors pushing back more on top executive pay hikes
Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts
 "Institutional investors pushing back more on top executive pay hikes")
Delhivery enters top 100 most-valued firms' club; m-cap tops Rs 50,000 cr
At 01:58 PM, Delhivery commanded a market-cap of Rs 50,382 crore, and ranked 95th in the overall m-cap ranking list, BSE data shows
Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022
The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn
 "Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022")
Delhivery hits highest level since listing, stock surges 36% in one month
Shares of Delhivery surged 7 per cent to Rs 635 on the BSE in Tuesday's intraday trade on healthy business growth outlook
Stocks to Watch Today: IndusInd Bank, Delhivery, Websol, BoM, Alok Inds
Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.
 "Stocks to Watch Today: IndusInd Bank, Delhivery, Websol, BoM, Alok Inds")
Institutional shareholders vote against logistics firm Delhivery's ESOP
Majority say no to the plan; new-age companies have faced similar hurdles
Indian startups raised $6.9bn in the June quarter, down 33% sequentially
They raised $6.9 bn in Q2CY22 against $10.3 billion raised in Q1CY22; funding winter is a result of the market slowdown
 "Indian startups raised $6.9bn in the June quarter, down 33% sequentially")
Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru
Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023
Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk
Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"
 "Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk")
Street signs: Will Nifty sustain 15,000 levels, QSRs underperform, and more
Shares of logistics major Delhivery may come under pressure on Monday as a freeze on shares allotted to anchor investors ends
 "Street signs: Will Nifty sustain 15,000 levels, QSRs underperform, and more")
Logistics firm Delhivery to provide same-day delivery in 15 cities
Service will improve consumer experience and reduce return rates, says company that recently launched an IPO
Meesho eyes 1.2 bn shipments by next year using third-party logistics
SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players
 "Meesho eyes 1.2 bn shipments by next year using third-party logistics")
Delhivery hits new high; soars 15% as Credit Suisse gives outperform rating
While announcing its Q4FY22 results, Delhivery said that majority of the investments made by the company in FY22 were towards capacity and capability building in the form of capex.
Delhivery IPO: It was nerve-wracking, says CEO on taking the company public
Shares are now up 10% from Delhivery's debut, which Sahil Barua, the CEO, thinks signals solid appetite for risk in India's public markets despite a drop in financing from venture capital firms.