“ Despite slowdown, we are going ahead with our growth plans”

Supplychainlog had recently reported Abhik Mitra led SPOTON Logistics eyeing for an acquisition of a middle-scale 3PL firm before the end of the current fiscal (https://www.supplychainlog.com/2019/09/22/spoton-acquire-mid-scale-3pl-firm-fy-2019-end/) which will broaden the operational profile of the company known primarily known in the market as express operator. In a recent exclusive conversation with Ritwik Sinha, the MD of SPOTON also shared the details of the near run growth plans and the possible impact of the present slowdown spell on company’s performance. Edited excerpts…    Business environment seems to be turning from bad to…

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NRAI Bengaluru organizes Indiranagar CLEAN-A-THON

The NRAI Bengaluru Chapter in association with the Indiranagar Trade Association  organized a CLEAN-A-THON drive in Indiranagar on 2nd of October to resonate with Gandhi Jayanti and to promote a clean and green environment with a strong drive against single-use plastic products.  Chef Manu Chandra, Head of NRAI Bengaluru Chapter said, “About 1000 staff from Bengaluru Restaurants participated in high spirit and helped in clearing almost 11 truckloads of rubbish and garbage in Indiranagar, today. We received priceless expressions and support from the residents of Indiranagar. Also, Municipality roped in…

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Ring the bell for financial literacy

For the third consecutive year, a global collaboration across 88 stock exchanges and 8 regional and global organizations around the world participated in the ‘Ring the Bell for Financial Literacy’ initiative, to raise awareness about the importance of investor education and protection and highlight the various initiatives of securities regulators in these two critical areas. NSE’s Financial Literacy initiatives over the last few years has resulted in cities ranked beyond 10 accounted for around 68% of new investor registrations and cities ranked beyond 100 accounted for about 43% of new…

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More slowdown pressure for global trade in October-December quarter

The DHL Global Trade Barometer (GTB) latest version has projected a further decline in the global trade in the next three months. The decline though would be mild in nature, says the report. According to a company release, the overall index fell by -1 point to 47, indicating that global trade will further lose momentum over the next three months. However, the downward trend has slowed perceptibly since the June update, when the GTB index registered a loss of -8 points. “Worldwide, trade conflicts continue to smolder. Geopolitical tensions are…

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Wing-FedEx to introduce drone delivery

Wing Aviation LLC  is collaborating with FedEx Express and Walgreens to launch a first-of-its-kind drone delivery service in Christiansburg, Virginia soon. FedEx customers who live within designated delivery zones in Christiansburg, Virginia, and who opt in to the Wing delivery service, will be able to receive their packages via drone during the trial, provided certain operating conditions are met. “FedEx is constantly innovating and testing solutions to meet growing customer needs, and we are excited to add this pilot to our portfolio of first in-kind innovation,” said Don Colleran, FedEx…

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Defence production to reach USD 26 billion by 2025

India has set the target to reach USD 26 billion in defence production by 2025 by encouraging private sector participation in the defence and homeland security sectors, said Union Defence Minister Rajnath Singh. He was speaking at the 22nd India International Security Expo, 2019, organized jointly by India Trade Promotion Organization (ITPO) and the PHD Chamber of Commerce and Industry (PHDCCI) at Pragati Maidan last week in Delhi. In his speech, Rajnath Singh emphasized that India’s defence sector has been identified as one of the most promising sectors under the…

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Indian businesses can contribute in Bangladesh growth, says Piyush Goyal

Speaking at the India – Bangladesh Business Forum held in New Delhi last week, Union Minister of Commerce & Industry and Railways, Piyush Goyal urged Indian industry to be part of Bangladesh’s growth story with greater investment in infrastructure, technology and energy where Bangladesh has huge potential. The Prime Minister of Bangladesh, Sheikh Hasina, was also present in this meeting. Piyush Goyal assured the visiting Prime Minister that India stands committed to every request that Bangladesh has in railways sector because the connectivity that the expansion in railways will bring to…

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Gadkari asks NHAI officials to expedite project implementation

Nitin Gadkari, Union Minister for Road Transport & Highways and MSME directed officials of National Highways Authority of India to speed up the implementation of projects through faster decision making and stricter monitoring. The Minister, along with the MoS, Gen(Retd) V.K.Singh,  held a day long review of the progress of national highways projects at the NHAI headquarters last week during which he also addressed regional officers through video conferencing. Delayed decisions are totally unacceptable, he said, as they lead to colossal loss of time and resources, and add to the…

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Snapdeal reports tremendous jump in lower-priced gadget sales

  Domestic e-commerce major Snapdeal has reported tremendous jump in lower-priced gadget sales in the last one year. “The selection of innovative and compact products priced below Rs 3000 has grown more than four times in the last 12 months alone. In order to help users understand the features of such products, Snapdeal is adding hundreds of product videos to such listings,” the company maintained in a recent release. The products in the category which are reporting brisk business includes compact LCD Writing Tabs (priced below Rs 500), Neck Fans…

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