Webinar on auction of coal mines

Ministry of Coal is organizing a Stakeholders’ consultation on ‘Auction of Coal Mines for Commercial Mining’ on Tuesday, July 14, 2020, from 3 pm to 5 pm. FICCI is the Industry Partner for the event. The consultation will deliberate on the detailed auction procedure and will help address the challenges being faced by the participants in the ongoing bid process. Click here to register for this webinar: https://ficci-beta.info/webinars/coalmines/index.php

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Hitachi ABB bags major order for passenger, freight locomotives plant

Hitachi ABB Power Grids India has bagged a major project worth Rs 120 crore for delivering its transformers to the Government of India’s electric locomotive manufacturer, Chittaranjan Locomotive Works (CLW). The project entails production of 400 passenger and freight locomotive engines. “The order from CLW is a prestigious one for Hitachi ABB Power Grids. It strengthens a two decades-long partnership with the customer and enables us to contribute further to India’s mission to advance the economy in a responsible manner,” said N Venu, Managing Director, Hitachi ABB Power Grids India. “Railways…

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Emirates SkyCargo to cover 100 destinations this month

Following some preliminary signals of enhancement in global business activities after the devastating blow delivered by Covid-19 early  this year, global aircargo giant Emirates SkyCargo has announced operating scheduled cargo flights to 100 destinations across six continents during the month of July 2020. Some of the new cities added to the air cargo carrier’s network include Accra, Algiers, Athens, Fort Lauderdale, Glasgow, Larnaca, Los Angeles, Male, Moscow (SVO), Phnom Penh, Rome, Santiago, Sialkot and Tunis. “Emirates SkyCargo’s network expansion is in response to the growing economic activity and demand for…

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Maersk acquiring European customs services specialist

Global container trade major Maersk has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. According to a company release, this will further enhance Maersk’s capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its customers. “There are no end-to-end solutions without customs clearance. With KGH, we will not only be able to strengthen our capabilities within customs services and related consultancy, but also reach more of our customers in Europe…

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Snowman plans to upgrade two major units

Bengaluru-based Snowman Logistics, India’s largest private cold chain service provider, is going ahead with its expansion plans after its proposed takeover by the Adani Group fell through, Chief Executive Officer Sunil Nair said. “We will be opening two more units during the course of this year – in Siliguri and Coimbatore. Besides, we will be upgrading the existing capacity of our Krishnapattnam and Mumbai units. In a cumulative sense, we will be investing Rs 65-70 crore in fresh capacity creation and upgradation this year,” he told indoasiancommodities.com in an interview.…

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NSE to accept gold bars produced by Indian Refiners

National Stock Exchange of India (NSE), the leading stock exchange in India, last week announced the launch of NSE Refiner Standards (NRS) for BIS – Standard Gold. The NSE Refiner Standards for BIS – Standard Gold would enable the acceptance of gold bars produced by the domestic refiners in India, for settlement of the gold futures contracts traded on the NSE platform. The NSE Refiner Standards for BIS – Standard Gold became effective from last Friday. Prior to that, NSE accepted serially numbered gold bars produced by London Bullion Market…

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Innovation:TURN YOUR EXISTING SPLIT AC INTO AN AIR STERILIZER

Nirvana Being, a leading Clean Air solutions company, has recently launched an all-in-one Nanotech AC Filter– a potential gamechanger in the nation’s quest for health and safety solutions, from COVID – 19. This filter can be added to your existing Split AC to remove viruses and bacteria with > 99.7% efficiency, and PM 2.5 with a > 96% efficiency, thereby playing the role of an air sterilizer.  The product was created for the mass market after thorough research wherein the team realized that COVID-19 particles have a diameter of close to 0.12 microns, and…

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Double-digit revenue decline for auto-component industry

According to a recent report released by noted credit rating and research firm ICRA, weak demands resulting from Covid-19 pandemic would lead to a decline in revenue for the auto component industry in the range of 14-18 percent in FY2021. “Automobile volumes are expected to decline by 15-16% in FY2021; within this passenger vehicle demand will decline by 22% to 25%. The year will be tough for the commercial vehicles too, given the slowing economic growth, current overcapacity in the CV space and tight financing environment amidst price increases due…

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Multiple vacancy with GIR Logistics

GIR LOGISTICS Group, Delhi is looking for SALES/ MARKETING Personnel for their various verticals in different locations PAN INDIA : a) Business Head for MUMBAI for selling FTL/ ODC and PTL products. Candidates preferably Graduates with 7-8 Years SALES experience in above products with a Hardcore FTL / ODC/ PTL company may apply. b. MARKETING MANAGER for Kolkata. The same above criteria for FTL/ ODC sales experience in KOLKATA. c.) SALES EXECUTIVES. Chandigarh/ Indore/ Ahmedabad. 2- 3 years sales experience in FTL/ ODC. Interested candidates can send their CV at:…

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