Malls & Warehousing – Chennai Cracks the Code

Sanjay Chugh, City Head – Chennai, ANAROCK Property Consultants Today, a city’s real estate success formula depends on quite a few other industries than just housing. Housing demand is a natural by-product of the success of businesses and industries that drive consumption and create jobs. Chennai’s strengths as an automobile hub has already earned it the tag of ‘the Detroit of the East’, but it has also emerged as one of the leading IT/ITeS destinations of the country. Both these industries drive job growth, which in turn drives housing demand, but…

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Decline in coal import likely to impact port performance

According to a recent note from credit rating agency ICRA, modest decline in coal import during the first five months of the current fiscal has resulted in marginal throughput growth at the major ports. “ Major ports have reported only a tepid 1.9% cargo growth in the first five months of FY2020 from 289 MT to 294 MT. Healthy volume growth in container, crude and iron ore segments was offset by the decline in coal and some other bulk cargo volumes. As per ICRA note, the volume growth at major…

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Senior Manager vacancy with Yusen

Yusen Logistics (India) is looking to hire candidate for the position of senior manager. The candidate should be capable of ensuring achieving SLA and KPI targets, understand P&L,  manage receiving, warehousing, distribution and operations and setup layout and ensure efficient space utilization Graduate with 10+ Years of experience with at least 3 years experience in MNC logistics company would be preferred. The selected candidate would be posted at Bhiwandi, Maharashtra.

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SPOTON to acquire mid-scale 3PL firm before FY 2020 end

– Ritwik Sinha With an aim to expand its operational portfolio, fast growing express logistics firm SPOTON LOGISTICS is likely to announce acquisition of a mid-scale 3PL before the end of the current fiscal. In a recent conversation with supplychainlog, Abhik Mitra, CEO, Spoton Logistics confirmed that the company is in advanced stage of negotiation. “ All I can tell you at this stage is that the talks are at an advanced stage and we expect the deal to be finalized in the next few months. It would aptly support our target to…

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Modest to hefty increase in DHL Express shipment charges

DHL Express services will become costlier from the beginning of the next year. And the increase would be in the range of between 7 to 15 percent depending on the nature of the consignment. According to a company release, the average shipment price increase will be 6.9%. However, this increase may go up to 15% for shipments of cross border e-commerce, owing to higher costs of delivery. “At DHL Express, we constantly strive to deliver unparalleled quality and to keep serving our customers better. This means we need to make…

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Japanese firm to acquire nearly one-fourth stake in Future Supply Chain

Future Supply Chain, the logistics arm of Kishore Biyani-led Future Group, will now have a prominent global logistics firm as its equity partner.  The company has announced coming to an agreement with Nippon Express, Japan’s leading global logistics player, to acquire a 22% stake in Future Supply Chain Solutions Ltd (FSC). This transaction is a combination of primary issuance and secondary purchase from an existing Investor. As part of this transaction, FSC will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22% premium to…

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Huawei MediaPad M5 lite launched in India in association with Flipkart

Huawei’s latest offering Huawei Mediapad M5 lite will be available for the Indian consumers from September 23rd 2019. The tab will be available exclusively on Flipkart. Interested customers can register themselves on ‘Notify Me’ at www.flipkart.com . Upping the users’ style quotient, the premium device comes with the Huawei M-Pen lite stylus. Furthermore, the tab is poised to transform the audio experience on a tab, with its inbuilt Harman Kardon speakers offering unrivalled Omni-directional sound technology. The premium device also boasts of a large 10.1 inch Full HD display and is powered by 7500…

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Government plans staggering investment to give to boost to fisheries business

Releasing the “Handbook on Fisheries Statistics – 2018” in Delhi last week Minister of Animal Husbandry, Dairying and Fisheries Giriraj Singh said that the union government will invest 25,000 crores in the next five years to enhance infrastructure and boost production of fishes in India. He said that Prime Minister Narendra Modi has given the due importance to this sector by creating a separate Ministry for it. Singh also maintained that Fisheries sector will play a crucial role in the doubling of farmers’ income. The Fisheries sector is major source of livelihood…

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Greenlam announces capacity expansion of Nalagarh plant

Greenlam Industries, the largest producer of Laminates in Asia and a leading provider of decorative surfacing solutions such as HPL, Compacts, Decorative Veneers, Doors and Engineered Wooden Flooring has announced capacity expansion of its plant in Nalagarh, Himachal Pradesh. The expanded capacity is now operational and will be manufacturing additional 1.6 million laminates sheets per annum. The expansion will further strengthen Greenlam’s position in the HPL and Compact panels market offering an expanded product line to customers. With this expansion, the installed capacity for laminates has increased by 11.4% bringing the capacity to 15.62 million laminate…

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Bhubaneswar railway station to be redeveloped as multi-modal transport hub

East Coast Railway under the aegis of Ministry of Railways has signed a Memorandum of Understanding with Government of Odisha to jointly redevelop Bhubaneswar station as Multi-Model Transport Hub. The project is expected to be completed in three years and will comprise creation of new terminal building for Railway Station, City Bus terminal, Public Car parking and other allied public utilities. Mixed use land development and air concourse connecting both side of the Railway station. the country. Speaking on the MoU, Union Railways Minister Piyush Goyal in a statement said…

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