Flipkart to invest Rs 5000 crore in logistics parks

Several recent media reports suggest that the Walmart– owned domestic e-commerce giant Flipkart is all set to invest a staggering Rs 5000 crore in creating large scale logistics parks across three locations in the country – Karnataka, Gurugram and West Bengal. The company is looking to acquire land parcels amounting 300 acres to set up the three units. According to a newspaper report, construction of its proposed West Bengal logistics parks will begin shortly. Flipkart’s closest rival Amazon is also working on improving and expanding its back-end infrastructure and is…

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UPS Q1 result is a mixed bag

First quarter earnings for the global logistics giant UPS has been largely observed as a mixed bag. The company though has maintained its average daily volume has gone up and it managed to fetch higher quality revenue during the quarter even as rough winter weather in the US marginally impacted its business.  The company has reported its U.S. domestic package revenue increasing by 2.5% to $10.48 billion. But with adjusted operating profit at $694 million, the margin went down 8.2% annually to last year’s $756 million.International Package revenue at $3.459…

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DHL Industrial Projects launching a digital sub-contractor programme

DHL Industrial Projects, a unit of DHL Global Forwarding that manages complex project logistics, deep sea chartering activity and heavy-lift cargo, is launching a new digital Sub-contractor Management Program to mitigate risks and ensure highest standards according to environmental and safety compliance. With increased supply chain transparency, DHL Industrial Projects will be able to identify the best suppliers for customers’ needs and share data on the risk levels and performance of more than 1,000 key subcontractors across its operations.   “Safety and compliance are at the heart of everything we…

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IDBI creates Iran trade cells in 5 cities for exporters

Domestic banking major IDBI bank, which had received nod to handle import export transactions with Iran early March, has now commenced operations by creating Iran trade cells in 5 Indian cities where it has designated trade finance officers to facilitate business transactions for Indian exporters dealing with Iran. The bank has also received started receiving funds from Central Bank of Iran for export settlements of Iran. IDBI bank has created trade cells in Mumbai, Kolkata, Delhi, Indore and Ahmedabad. SWIFT Enabled Iran Banks which are presently dealing with IDBI are…

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Fruits & Vegetables supply chain start up receives major funding boost

India’s largest B2B supply chain start up focusing on sourcing and distribution of fruits and vegetables Ninjacart recenty received a major funding boost. In its Series C funding round, it raised $100 million funding from Tiger Global. The fresh investment raised would be utilized in scaling up its capacity and improvement of supply chain base by bringing in more retailers in its network across the country. The platform, formed in 2015, is presently sourcing fruits and vegetables sourced directly from farmers in 20 states supplying to over 17,000 kirana and…

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Muted sales of commercial vehicles in March

According to India Ratings and Research (Ind-Ra) news digest on India’s auto sector for March, there was a marked sales decline of 14 percent across various automobile segments during the month. The downturn trend was also visible in the sales of commercial vehicles. “During the month, CV sales volume growth remained muted on account of delayed purchases owing to weak customer sentiment, rising borrowing costs, increased fuel prices and slow performance of the core sector. Moreover, the new axle load norms have increased the maximum load carrying capacity of existing…

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Livpure forays in smart air conditioner space

Water purification domestic major Livpure has entered into the smart air conditioning space. Recently it announced the launch of India’s first future ready Smart Air Conditioner powered by HEKA. According to a company release, Livpure Smart ACs are equipped with Wi-Fi, IOT module and embedded with Artificial Intelligence and Machine Learning that will provide its user’s comfort preferences. Through HEKA technology, Livpure ACs will observe user’s comfort preferences (temperature settings the user is comfortable at) during 1st week of usage and will thereafter, start applying AI/ML algorithm to optimize the…

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RailYatri extends its Intercity SmartBuses to 9 cities

App based transportation solution provider RailYatri has extended its SmartBus services to nine additional cities after its successful launch between Delhi and Lucknow. These cities include Kanpur, Amritsar, Jalandhar, Ludhiana, Jaipur, Manali, Bengaluru, Chennai and Hyderabad. Operated as an asset less brand, RailYatri SmartBus has been conceptualised as a convenient alternative to train travel for the modern budget traveller whose priority is to reach to a destination hassle-free within shortest time, at an affordable price with comfort and convenience during the travel. RailYatri SmartBus is able to provide hassle-free and dependable service through it’s unique initiatives…

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FIEO- Welingkar Institute to support export start-ups

Apex industry body for exporters FIEO and L N Welingkar Institute of Management Development & Research, (WeSchool) Mumbai have joined hands to encourage and promote exports centric start-ups in the country. An MoU to this effect was signed in Mumbai recently.   The MoU, an Industry-Academia partnership, aims  to jointly develop and deliver the Post Graduate Programme in Foreign Trade Management (PGP-FTM) which shall endeavour to develop the human capital for meeting the growing demand in International Trade ecosystem. The programme will broadly encompass the General Management Principles, Export Import…

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The rise of Smart Warehousing in India

Aditya Vazirani, Director, Robinsons Global Logistics Solutions   For a fast-evolving global economy like India, a sophisticated logistics, and warehousing system is a key driver for consistent growth. The Indian warehousing and logistics sector is estimated to attract nearly $10 billion investments over the next 4-5 years, with an addition of around 200 million sq. ft. of warehousing space, across major ports, airports, and tier 2 cities. Further, while this capacity is expected to double by 2020, the average size of warehouses in the country is also estimated to increase from around 20,000 sq.…

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