FedEx partners road assessment programme in India

International Road Assessment Programme, a registered charity dedicated to preventing road deaths through safer road infrastructure, in association with FedEx Express, have launched of the Indian Road Assessment Programme (IndiaRAP), in New Delhi. The IndiaRAP programme aims to address the highest risk roads around the country in partnership with national and state agencies.  The programme will be led by local experts, using local research and resources, supported by the global International Road Assessment Programme that includes partners in more than 80 countries. “The India chapter of International Road Assessment Programme will bring…

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CEVA reports positive momentum in Q3

Global logistics major CEVA has reported positive growth momentum in Q3 of the current financial year. The company has reported revenue growth of 5.4 percent in the third quarter and an operating cash flow of $81 million as against $68 million in the corresponding quarter last year. Xavier Urbain, CEO of CEVA said while announcing the company result early this wee. “We have been able to offset ongoing market volatility in air and ocean freight. Our procurement and pricing strategy has enabled us to protect yields sequentially. Contract logistics continues…

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5 percent half-yearly cargo growth for Emirates

Global aviation major Emirates has reported a commendable 5 percent growth in its cargo operations during the first half of the current year. The airline recently released its half yearly results for 2017-18 and it strongly underlines its cargo operations showing modest growth signs. “The volume of cargo uplifted at 1.3 million tonnes is up 5% while yield improved by 8%. This solid performance speaks to Emirates SkyCargo’s recent investments in products and services tailored to key sectors, and is also a positive sign of a gradual recovery in the global air…

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Kale Logistics Solutions relocates to a new corporate office

Kale Logistics Solutions, a logistics IT specific solution provider, has relocated to a bigger and spacious corporate office in Thane, India. The new location is close to the main city, in Thane One Corporate Business Park. The company organized a formal inauguration ceremony on 9th Nov 2017, which was attended by its clients, partners, industry associates and media. The new facility accommodates core operation teams and is designed keeping in mind several futuristic and modern approaches to creating a conducive workplace. The interiors of the new set up have been…

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American firm acquires tower business from Vodafone-Idea for $1.2 billion

American Tower Corporation (NYSE: AMT) early this week announced ATC Telecom Infrastructure, its majority owned Indian subsidiary, entering into definitive agreements with Vodafone India and Idea Cellular through which it will add an aggregate of approximately 20,000 communications sites to its existing Indian portfolio. As part of the transactions, ATC TIPL, Vodafone and Idea have established a preferred partner structure under which Vodafone and Idea, given their expanded relationship with ATC TIPL, will receive service level and process efficiency benefits and ATC TIPL will secure certain preferential rights for future new business…

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Bata India reports 24% growth in Q2 profits

 European footwear giant and India’s leading footwear brand, Bata has reported its financial results for the second quarter ended September 30, 2017. The company posted Q2 Net Profit of INR 42.9 crore. According to a company release, Bata has been constantly premiumizing its product offering with several new launches in the men and women categories like Hush Puppies, Naturalizer, European collection, Power International range, North Star as part of its AW17 collections. Targeting the young millennials, Bata launched Power Glidesteam & Airwalk collections and promoted it digitally with #WalkWithPower campaign featuring former Miss India World,…

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JLT enters into IT infrastructure services deal with HCL

HCL Technologies (HCL), a leading global IT services company, recently announced a five–year IT infrastructure services contract with Jardine Lloyd Thompson Group (JLT), one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Through the agreement, HCL will be implementing a fully orchestrated and automated cloud management platform with advanced automation capabilities, supported through HCL’s DRYiCETM platform. In addition, HCL will continue to provide IT service desk services. HCL has been JLT’s infrastructure services partner since 2010, working to streamline the group’s IT systems and processes,…

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Bombardier doubles capacity at London Biggin Hill Service Centre

Bombardier Business Aircraft has doubled its capacity at London Biggin Hill service center with the addition of a new hangar and more than 70 technicians, providing customers in the region with extended maintenance support. The new hangar will be operational by the end of 2017 and the facility will grow to a total of approximately 115 employees by mid-2018. With the high demand for OEM services in Europe, the additional hangar will be dedicated to heavy maintenance events, including 96-month and 120-month inspections. Following the expansion, Bombardier’s London Biggin Hill…

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Alibaba creates history with $25 billion Singles’ Day sales

Chinese e-commerce giant Alibaba created history when it crossed $25 billion sales mark during its Singles’ Day sales event recently. According to an estimate, its total sales stood at $25.3 billion this time which is a significant jump over the last year’s figure of a little less than $18 billion. The company had indulged in aggressive pre-sales day promotion drive this time. There was a glittering launch event with global stars like Nicole Kidman, Pharrell Williams supported by Chinese celebrities like actress Zhang Ziyi. According to a report, the company had…

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DMIC to spearhead Asia’s largest convention center project in Delhi

In a significant development, the union cabinet last week approved over $5 billion project for the  development of Exhibition-cum-Convention Centre (ECC), at Dwarka, New Delhi. Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) will act as a knowledge partner for the project on payment of an annual fee @1% of the yearly internal accruals, subject to a minimum of Rs. 5 crore and maximum of Rs.10 crore per annum for an initial period of 10 years. The project will be executed in a phased manner: Phase-1 of the project comprising trunk infrastructure…

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