Aramex to move out of domestic Indian business

Dubai headquartered express and logistics major Aramex has decided to move out of its domestic business in India. According to a recent report published in a leading national daily, Gurgaon headquartered Delhivery will integrate Aramex’s domestic business in its fold from the beginning of the next month. Aramex, however, will continue to operate its international business from India. The acquisition of Aramex domestic operations is slated to give a major boost to Delhivery which is more aligned to the fast-growing e-commerce delivery business in the country. Aramex domestic business includes…

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DP World to build hyperloop in India to decongest cargo trade

Speaking at the World Government Summit in Dubai recently, DP World’s group chairman Sultan Ahmed bin Sulayem confirmed building first hyperloop project in India. The project which will link Pune with Mumbai is meant to decongest cargo movement. Earlier, the company had signed a deal with Virgin Hyperloop in February 2018 which has now been bought by DP World. Sultan bin Sulayem said DP: “The first project will be in India, we signed an agreement and we are looking at how to test the project. We have a team in…

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IWAI portal facilitates better planning option for vessel operators

Moving a step ahead towards ensuring optimum use of National Waterways, the Inland Waterways Authority of India (IWAI) launched a new portal LADIS – Least Available Depth Information System here today. LADIS will ensure that real-time data on least available depths is disseminated for ship/barge and cargo owners so that they can undertake transportation on NWs in a more planned way. An assured depth of waterway is required for seamless movement of vessels. If real time information is made available regarding LADs in stretches of various NWs, it will help…

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GS1 certification for products sold on GeM

GS1 India, a standards organization set up by the Ministry of Commerce & Industry, has signed a Memorandum of Understanding (MoU) with Government e-Marketplace (GeM).  This will enable GeM’s buyers and vendors toaccess rich, accurate and standardized information on attributes of thousands of products across categories, empowering them to make more informed decisions. GeM will access product data from GS1 India’s DataKart, the National repository of information on attributes of millions of retail products in the country. The categories get populated directly by manufacturers and brand owners. Every data will…

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Port Of Tanjung to implement Ramco’s latest ERP

Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), a member of MMC Group has sealed an agreement with Ramco Systems (Ramco) to upgrade the port’s current Enterprise Resource Planning system (ERP) system. The upgrade is part of PTP’s continuous efforts in empowering its digital strategy and enhancing its operational efficiency. In addition, it is also to supplement the port’s growing customer demand and requirement of the industry. Marco Neelsen, Chief Executive Officer of PTP, commented, “Given the pace at which technological advancements are changing the world, it is imperative for PTP to…

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Redington to supply Nuance AI solutions in India

Nuance Communications, a pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life, has signed a new distributor partnership agreement with Redington Limited. The Indian company will supply Nuance’s flagship Dragon professional and consumer speech recognition software to resellers throughout India. “We are delighted to announce our new partnership with Redington,” said Derek Austin, Nuance’s Sales Manager Asia Pacific, Dragon Professional and Consumer. “Nuance Dragon technology is the world’s leading speech recognition solution for writing documents and demand for Dragon continues to build. Our partnership with Redington will…

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India’s packaging industry to touch $72.6 billion: ASSOCHAM-EY study

 India’s packaging industry is expected to witness an outstanding growth during 2016–21, anticipated to reach the level of US$ 72.6 billion by FY20 growing at a CAGR of 18%, according to an ASSOCHAM-EY joint study. The Indian packaging industry was about US$ 31.7 billion in 2015. The growth is driven by key factors such as rising population, increase in income levels and changing lifestyles. Increasing media penetration through the means of internet and television are fuelling the demand for packaged products in rural India as well, noted the joint study.…

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TCIEXPRESS announces revenue growth of 14.89% in Q3

Domestic express distribution major TCIEXPRESS has announced net Q3 revenue growth of 14.89% in the third quarter of the present fiscal. During the quarter, its revenue grew to Rs 263 crore as against Rs 229 crore in the corresponding quarter last year. During the nine months period, its revenue growth has been more robust – over 19 percent. The company has reported the EBITDA at INR 31.63 crores which marks an increase of 28.26%. The company’s PAT also rose subsequently by 21.31% during the quarter. The company claims to have registered impressive growth by leveraging its…

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Mahindra Logistics partners Gulf Oil to consolidate supply chain

Mahindra Logistics, the supply chain arm of the business conglomerate Mahindra group, has bagged a major contract. Gulf Oil Lubricants India (Gulf Oil), a leading lubricant manufacturing and marketing company, has mandated Mahindra Logistics to consolidate its supply chain system in the country aligned to post-GST requirements. As per the agreement between the partners, Mahindra Logistics is setting up a central distribution center (CDC) in Chennai. This center will be equipped with advanced Warehouse Management Systems (WMS) which will take care of Gulf Oil’s entire product portfolio. Pirojshaw Sarkari, CEO, Mahindra Logistics,…

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