Page 6 - Logistics Industry

Delhivery acquires Spoton, aims to lead B2B logistics market in India

Delhivery said it has acquired Bengaluru-based Spoton Logistics for an undisclosed sum, a move that will further strengthen its existing B2B capabilities

Govt unveils plans for freight smart cities to reduce logistics cost

Under the freight smart cities initiative, city-level logistics committees would be formed and they will have related government departments and agencies at the local and state levels.

SpiceJet, IndiGo ready for new war zone as cargo biz continues upward swing

Analysts remain sceptical on the profitability from freighter business

Amazon changes worker-productivity yardstick blamed for warehouse injuries

Company's decision to overhaul its productivity targets coincides news reports that the rate of injuries at Amazon warehouses is higher than its peers in logistics.

Global delivery management platform FarEye raises $100 mn in Series E round

The firm caters to a multibillion-dollar delivery management market that continues to show double-digit year-on-year growth

Gateway Distriparks fourth-quarter net jumps four-fold to Rs 46.60 crore

Total income rose 16.1 per cent to Rs 353.11 crore

IndiGo to acquire four A321ceo planes, convert them into freighter aircraft

The airline is expected to take the delivery of its first plane in the first half of 2022

Bajaj Electricals, Mahindra Logistics ink Rs 1,000 crore outsourcing deal

Involves end-to-end redesign of Bajaj Electricals' logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%

Blue Dart: Near-term margins to stay elevated, upside could be limited

Record Q3 performance helps sustain stock price which is up 146 per cent over the last six months

Logistics firm Rivigo's loss widens 6% to Rs 542 cr, revenue up 5%

The firm's total expenses for the fiscal rose 5 per cent to Rs 1,622 crore

GIC, Hong-Kong-based ESR form JV to invest $750 mn in Indian realty

Sovereign wealth fund GIC announced a joint venture with the Hong Kong-headquartered ESR Cayman to form a $750 mn joint venture which will develop and acquire industrial and logistics assets in India.

CDC invests Rs 400 crore in TVS Industrial and Logistics Parks

It is the first time that TVS ILP has raised institutional investment. CDC will become a significant minority shareholder in the business

Roca Parryware strengthens tie-up with TVS Supply Chain Solutions

Roca Parryware's operations are fairly complex' with eight factories, 12 warehouses, 2,000 customers, 5,000 SKUs, and 500-plus bathroom combos, the supply-chain challenges are extreme

How logistics tech became an unexpected gainer in the Covid economy

Start-ups in this space have made strides in modernising logistics with real-time tracking of cargo, algorithm-based route optimisation and big data in addresses

Deal talks between Embassy, logistic firms hit an impasse on valuation

Warburg Pincus has 70 per cent in the joint venture while Embassy has 30 per cent

Shapoorji's $1.2 bn deal with ADIA on hold over debt issues, coronavirus

The group had planned to launch a $1.2-billion venture with ADIA, wherein the partners were to raise the money in two tranches of $600 million each

CMS Info Systems acquires ATM business of Logicash Solutions in India

Apart from ATM and cash management, CMS does maintenance and card personalisation services

Recovery in freight volumes to help revival of logistics players

Exim rail volumes at 4.3 million tonnes have hit their highest levels since August last year

Etrio raises $3 million in series A to launch new EV product lines

The investment will fuel the company's foray into new electric vehicles in three wheelers and bicycle product lines

IL&FS Transportation reports Rs 17,000 cr loss in FY20 amid lockdown

During the last fiscal, the company saw a sharp decline in its standalone total income to Rs 786.24 crore, as against Rs 4,709.48 crore in the year-ago fiscal.