Body Shop appoints Shraddha Kapoor as brand ambassador

The Body Shop, the Global Iconic & Ethical Beauty Brand introduced Bollywood’s popular actress SHRADDHA KAPOOR as its new face in India. Known for her wide-ranging film choices, all round talent, strong support of environmental causes and animal rights, the Bollywood actress has embarked on this new journey with The Body Shop India as its new Brand Ambassador.   Shraddha Kapoor gracefully represents The Body Shop’s values of natural, ethical and sustainable beauty, while bringing to life the brand belief that beauty is an active outward expression of everything you like…

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FM Gives Apt Festive Gift to Homebuyers

Anuj Puri, Chairman – ANAROCK Property Consultants With India continuing its face-off with economic slowdown across sectors, the government is on top of its game and taking a heads-on approach to address key issues and support major sectors – including real estate – and give a shot in the arm in these stressful times. In its endeavour to address one of the major issues – of stalled projects within real estate due to fund crunch – the government, as demanded, has created a special window to provide last-mile funding requirements…

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Deputy Manager vacancy with Balmer Lawrie

Balmer Lawrie is inviting applications from logistics professionals for the following posts: (a.) Logistics Services: Deputy Manager (Commercial), Freight Forwarding & Assistant Manager (Operations), Freight Forwarding (b.) Logistics Infrastructure (Container Freight Station)- Assistant Manager (Sales) For details, log on to the career section of the company’s website: http://www.balmerlawrie.com/pages/currentopening    

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Gujarat, Punjab occupy top ranks in logistics index chart

Gujarat and Punjab have occupied top two slots in the latest logistics index chart as mentioned in a government report (LEADS, 2019) recently released by the Commerce Minister Piyus Goyal. The chart denotes the efficient systems the states have put in place to promote trade and commerce. Andhra Pradesh has grabbed the third slot on the list while Himachal Pradesh is at the bottom of the chart. The report, Logistics Ease Across Different States 2019, has been prepared with the help of consultancy firm Deloitte. It aims to project the…

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Blackstone-Allcargo to forge partnership to build warehouses

The realty arm of the US-based asset management company Blackstone Group has planned to invest Rs 1,500 crore ($209 million) to create a network of warehouses in India. According to a recent report by the news agency Bloomberg, Blackstone will be initiating the warehouse vertical in association with one of the leading private logistics companies in the country, Allcargo. The report indicates Blackstone owing a majority stake in the venture which would aim at building a portfolio of 5 million square ft of warehousing space across the country by the…

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Exporters welcome booster measure for the exim trade

Welcoming the much needed booster for the exports sector, FIEO President, Sharad Kumar Saraf said that the announcement made by the Finance Minister Ms Nirmala Sitharaman last weekend has come at a time when there are signs of worsening global economic conditions pointing further toward downward revision of global trade growth. Slew of new measures announced for the exports sector in the form of incentives & refund of taxes, export finance, export facilitation, free trade agreements, engineering and handicrafts will not only go a long way in enhancing the growth prospects…

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Indian Railways announces fresh freight incentive

In a significant development last week, Indian Railways announced certain Freight incentives to give a boost to the economy. Member (Traffic), Railway Board P.S. Mishra, announced these measures, to support various segments of the industry. These include: Levy of Busy Season Charge Deferred: BSC, which is levied @ 15% from 1 Oct-30 June, has been deferred till further advice (Except for iron ore and POL). Coal & coke and container traffic are already exempt.   Waiver of Supplementary charges on Mini and Two point rakes: The 5% Supplementary charges applicable…

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Auto industry downturn continues, CVs worst hit

The industry produced a total 12,020,944 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-August 2019 as against 13,699,848 in April-August 2018, registering a de-growth (-) 12.25 percent over the same period last year. The sale of Passenger Vehicles declined by (-) 23.54 percent in April-August 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 29.41 percent, (-) 6.27 percent and (-) 34.04 percent respectively in April-August 2019 over the same…

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Pradhan urges steel industry to focus on value addition

Petroleum and Natural Gas & Steel minister Dharmendra Pradhan last week held meeting with CEOs of steel industry in New Delhi. The issues and bottlenecks concerning the industry and the possible solutions for them were discussed in the meeting. Speaking on the occasion, the Minister called upon the industry to do more value addition and fulfil the requirements of the niche sector. He also urged the industry to diversify their sources of raw material procurements, so as to bring down the costs and not being bound by limited channels. The…

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