DHL Express India figures in Aon best employers list

Aon, the leading global professional services firm recently announced Aon Best Employers India 2018 list. The list figures DHL Express (India) with Aditya Birla Group, Hindustan Unilever, Shell, Vodafone India, etc.being other prominent names. The Aon Best Employers India study was launched 18 years ago in India. Aon reveals a significant shift emerging in organizations – they are responding to disruptive business and economic changes with ‘consistent agility’. The study finds that while there is a long road ahead for India Inc., the Best Employer organizations are ahead of the…

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L’Oréal India aligns with Mahindra Logistics for supply chain consolidation

L’Oréal India, the Indian subsidiary of world’s largest cosmetic company L’Oreal, has joined hands with Mahindra Logistics to implement its post GST supply chain consolidation strategy. As part of this deal, a distribution center in Haryana was recently inaugurated by Pankaj GUPTA – VP Operations South Asia LOREAL.  Pirojshaw Sarkari, CEO – Mahindra Logistics, said, “This agreement is testimony to our unparalleled dedication and solution oriented approach towards clients. This strengthens our solutions in FMCG/ cosmetics sectors. We are delighted to welcome a leading beauty company like L’Oréal as client.…

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3rd successive profitable year for SpiceJet

Domestic aviation major SpiceJet has reported a quarterly profit of Rs 46.1 crore for the traditionally weak quarter ended March 31st, 2018, making it the 13th successive profitable quarter for the airline. Net profit for FY 2018 stood at Rs 566.7 crore, making this the third successive year of profitable growth. For the previous fiscal 2017, the figures had stood at Rs  41.6 Crore and Rs 430.7 crore respectively. Operating revenues were at Rs 2,029.3 crore for the reported quarter and Rs 7,795.1 crore for the fiscal 2018. On an EBITDA basis, profit is Rs 131 crore for the reported quarter and…

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ECS Globe appointed GSSA for Ukraine International in India

ECS Globe Air Cargo India has been appointed as general sales and service agent (GSSA) for Ukraine International Airlines (UIA) which has recently forayed in the Indian air cargo market. According to a report, ECS Indian branch has been providing support to UIA since early this month when the airline launched three direct flights per week between Kiev Boryspil Airport (KBP) and Delhi’s Indira Gandhi International Airport (DEL) on its 767-300 aircraft. The airline is further expected to add one more service in June taking its weekly frequency to/from India…

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Vishal Sharma is Schenker India’s new CEO

Schenker India, part of DB Schenker (the transport and logistics division of the Deutsche Bahn Group) has appointed Vishal Sharma as the New Chief Executive Officer – India and the Indian sub-continent, with effect from 2nd May 2018. He has succeeded Oliver Bohm who has taken up a new role as Europe Chief Commercial Officer after spending 20 years in the Asia Pacific (APAC) region. Sharma would be reporting to  Ditlev Blicher, CEO, DB Schenker in APAC.   With over 17 years of experience with Maersk, Sharma held various strategic leadership…

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Flipkart goes to Walmart, stage set for battle royale

Ritwik Sinha After several weeks of intense speculations, world’s largest retail chain Walmart on wedenesday finally confirmed buying out India’s largest e-commerce player Flipkart. Walmart is buying a commanding 77 percent stake in Flipkart doling out a staggering $16 billion which makes it the largest buyout in the e-commerce space in the world. With this deal, the valuation of Flipkart has shot up to $21 billion. Flipkart is estimated to have a commanding 40 percent share in the Indian e-commerce market which is considered to be one of the fastest…

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Mahindra Logistics revenue inches close to Rs 3500 crore

One of the leading 3PL service providers in the country, Mahindra Logistics has reported an impressive jump in its earnings in fiscal 2017-18. The company, which got enlisted last year, has reported a revenue growth of 28% –  grows from Rs. 2667 crore to Rs.3416 crore. Its profit before tax figure also went up by a hefty 51 %- increases from Rs 68 crore to Rs. 102 crore. The company which is considerably aligned to Mahindra group business has attributed its impressive financial numbers to healthy revenue growth in SCM…

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Ecom Express pin code coverage shoots upto 25,000

Delhi-headquartered Ecom Express, a leading e-commerce delivery company, has reported significant growth in its pan-India coverage. The company has claimed adding 8000 pin codes to its existing network taking its pin-code coverage volume to 25,000. As part of this expansion drive, the company has expanded its network to cover the entire states of Assam, Chhattisgarh, Jharkhand, Kerala, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh in line with its full-state coverage programme, that is, to cover 100 per cent PIN codes of a state, including all villages. To cater to this expansive network,…

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Impressive financial performance by Expeditors

US-based global freight forwarding major Expeditors International has reported over 45 percent jump in its net income in the first quarter of 2018 net income which rose sharply to touch $637 million. Much of the credit goes to its air freight division which net revenue jumped by 26.5 percent to $218 million. The company earned $141 million from its ocean freight business. “Compared with the robust volume growth in the first quarter a year ago, this quarter’s volume increases and financial performance track more in line with our historical performance,”…

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OBOPAY joins hands with Mexico based GoRed

OBOPAY, the global mobile payment solutions company, has signed a strategic deal with GoRed – a leading fintech firm based in Mexico. Expanding its fintech services for the first time ever to Latin America and to become a transaction switch for the region, OBOPAY will provide its “Evolys” payment platform to “GoRed”. As a part of the agreement, OBOPAY will manage end-to-end digital payment solutions for “GoRed” including bill pay services, micropayments, P2P, cash in, cash out, remittance, card acceptance, NFC payment capability etc. “GoRed” is a Fintech company based…

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