Hactl Chief Exec honoured in Directors Of The Year Awards

The Hong Kong Institute of Directors (HKIoD) has named Hactl Chief Executive Mark Whitehead as a winner in its 2017 Directors Of The Year Awards. Whitehead was one of twelve recipients, and one of only three from private companies. This year’s edition of the Awards centred on the theme “Belt and Road: Corporate Governance in Times of Opportunities”, echoing the vision and farsightedness behind the “Belt and Road” initiative, which the HKIoD says is one of the most significant development blueprints in the 21st century. The HKIoD award citation stated:…

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After 47 years, Walmart goes back to its original name

Global retail giant Walmart has decided to adopt its original name Walmart Inc. replacing the existing name Wal-Mart Stores. Billed as a legal course correction, the move is believed to be company’s way of telling its millions of consumers across the globe that it is not only restricted to stores selling but has formidable omni-channel presence including online. The change in name will become effective from Feb. 1, 2018. “Our customers know us as Walmart and today they shop with us not only in our stores but online and with our…

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FSC IPO receives good response from institutional investors

The IPO of Future Supply Chain Solutions, the logistics arm of Kishore Biyani led Future Group, which concluded on Friday saw nearly 7.5 times subscription. As per the details available, the issue seems to have hot right chord particularly with the institutional investors. The institutional quota of Rs 650 crore IPO was subscribed over 12 times than the limit.  As against this, the retail investors booked over three times of the share reserved for them. According to market pundits, the good response to the company’s IPO is testimonial of the…

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Major Ports register positive growth of 3.46% during April-November, 2017

Major ports in India have recorded a growth of 3.46% and together handled 439.66 Million tonnes of cargo during the period April to November, 2017 as against 424.96 Million Tonnes handled during the corresponding period of previous year.For the period from April- November 2017, nine Ports (Kolkata (including Haldia), Paradip, Visakhapatnam, Chennai, Cochin, New Mangalore, Mumbai, JNPT and Kandla) have registered positive growth in traffic. The highest growth was registered by Cochin Port (17.93%), followed by Paradip (13.13%), Kolkata [incl. Haldia] (12.64%), New Mangalore (7.07%) and JNPT (5.69%).    During the period April…

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JNPT records growth of 5.76% in container handling

Jawaharlal Nehru Port Trust (JNPT), handled 3.9 lakh TEUs in the month of November 2017, while recording a growth of 5.76% in container handling for the period Apr-Nov2017 as compared to same period last year. Of the four terminals at JNPT, JNPCT handled 1.18 lakh TEUs, APM Terminal’s total stood at 1.66 lakh TEUs, DP World (comprising NSICT and NSIGT) together handled 1.06 lakh TEUs in the month of November 2017. The Direct Port Delivery initiative under ‘Ease of Doing Business’ has been steadily going up and in the month…

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