Electronic air waybill feasible in 70 percent trade lanes

Even as the push to make cargo transaction electronic across the globe has not met with the expected success in terms of meeting the time bound milestones due to regulatory challenges and technology constraints, the International Air Transport Association (IATA) seems to have gearing up to take it to the next level. The agency recently announced that from the beginning of the next year, electronic air waybill (e-AWB) will become the default contract of carriage for all air cargo shipments on enabled trade lanes. As per an estimate by the…

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Double-digit quarterly revenue growth for Mahindra Logistics

Mahindra Logistics, the supply chain arm of business conglomerate Mahindra Group, has reported 10.9 percent growth in its topline in the quarter ending in September. The company has reported an overall revenue of Rs 927.4 crore as against Rs 836 crore in the corresponding quarter last year. The company has reported a net profit of Rs 19.1 in the quarter which is substantially higher than Rs 13.8 crore figure notched in the corresponding three month figure in the previous fiscal. “We continue to remain optimistic on the growth potential of…

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‘Trading Across Border’ contributes in ease of doing business ranking

Last week delivered a major shot in the arm to the profile of the Indian economy when in the World Bank ranking on Ease of Doing Business, India was positioned at 77th rank – a huge leap of 23 ranks from 100 in 2017-18. While there have been host of parameters on which India is reported to have performed well, one key indice where the country has given a dazzling performance is improvement in ‘Trading across borders’. On this performance indice, India’s rank has shot up from 146 to 80.…

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Midea Group to set up Rs 1,350 crore technology park in Maharastra

Global consumer appliance major Midea Group is setting up a major technology park in Maharastra for manufacturing a range of products. The Chief Minister of Maharastra Devendra Fadnavis laid the foundation stone of the project last week. “I am delighted that Midea has decided to invest in setting up the technology park in our state. This development will help us in our journey of making Maharashtra a hub for manufacturing, production, and research,” he said on the occasion.  The Technology Park complex is being set up in Supa Parner, MIDC…

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Gujarat’s first mega food park becomes operational in Surat

Gujarat’s first mega food park went live recently inaugurated in the presence of Union Minister for Food Processing Industries Harsimrat Kaur Badal and other senior functionaries of the state government. The food park has been set up by Gujarat Agro Infrastructure and is located at Village Shah in Surat district.   The unit has been set up on a sprawling land parcel of 70.15 acre with an investment of around Rs 120 crore. On a cumulative basis, the park offers: Multi Chamber Cold Store of 3,500 MT (1,500 MT Frozen & 2,000…

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New consumer campaigns push Bata sales

Country’s leading footwear retailer, Bata India has reported Rs. 6,731 million in net sales for its second quarter ended September 30, 2018. The 15% growth came on the back of the successful new brand campaign ‘Be Surprised’ featuring Kriti Sanon, the stylish Bollywood actor and youth icon as the new face for Bata’s fashion forward women’s range and over 100 new styles. “We have built up growth momentum in Q2 with portfolio refresh across categories, and we hope to continue it as we get into the peak festival season. Our strategy…

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Delicacies, special fares define Emirates Diwali offerings

Global aviation major Emirates has announced a slew of Diwali offerings for its Indian customers. From November 4 to 10, customers travelling in all classes between Dubai and India will enjoy classic Indian sweets and delicacies associated with Diwali. Emirates will also extend the celebrations to select lounges across its global network by offering its customers special dishes. In addition, the airline has also announced special Diwali fares from its nine ports in the country to select destinations such as New York, Chicago, London, Orlando, Madrid, Lisbon, Frankfurt, Barcelona.“We know how…

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OBOPAY launches distribution management system for FMCG

OBOPAY, the financial technology company that provides enterprise solutions for Telcos, BFSIs and companies with a dominant supply chain focus, has now launched a distribution management system. The new offering is an end to end state of the art SaaS solution for the entire distribution channel of an organization. The distribution management system has been deployed for large Distribution / FMCG companies along with some mid-scale firms such as Manna Health Foods in Chennai, Agronic Food Inc in Mumbai, Brownie Cottage in Mumbai, Pee Safe in Delhi, Unicharm India and…

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India surpasses Vietnam in mobile manufacturing

The India Cellular & Electronics Association (ICEA) along with McKinsey have undertaken a commendable impact analysis study “Making India the Global manufacturing Powerhouse for Mobile Handsets and Components”. This was released during a Media Conference held at Hotel Lalit on 1st November 2018. The Report has made an important and pertinent attempt focusing on identifying the gaps/ challenges and coming up with important recommendations about how to rejuvenate and transform the resurgent mobile manufacturing eco-system in India and make it achieve the Global Powerhouse status. The mobile handset and its…

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Patanjali Food Park bags top prize for Swachhta Culture

Swachhta Pakhwada activities by the Ministry of Food Processing Industries which concluded recently saw Union Minister Harsimrat Kaur Badal distributing prizes for cleanliness among Mega Food Parks and Cold Chain Units for maintaining, promoting and encouraging Swachhta Culture. The first prize was awarded to Patanjali Food and Herbal Park (P) Ltd. in Haridwar, the second prize by Satara Mega Food Park (P) Ltd., Satara District, Maharashtra and third by Pagro Frozen Foods Pvt.(P) Ltd. (Cold Chain Project) in Fatehgarh Sahib, Punjab. The selection of winners was done by National Institute…

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