Deceleration in cargo decline at major ports in Q2

According to a recently released report by credit agency ICRA, “the Indian Port sector is witnessing deceleration in cargo decline in Q2 FY2021, with cargo at Indian ports witnessing Y-o-Y decline of ~9% each in July and August, after severe contraction of ~22% in Q1 FY2021 due to the impact of Covid-19 pandemic. The recovery has been relatively better at non major ports.” Sai Krishna, Assistant Vice President and Associate-Head, Corporate Ratings, ICRA added: “The deceleration in cargo contraction is a favorable trend, but recovery in certain segments like POL, which…

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CAIT-MasterCard launch sanitisation kit

Keeping in mind the health and  safety of Indian retailers and consumers, Union Urban Development Minister Hardeep Puri recently launched an All India Sanitisation Kits drive of the Confederation of All India Traders (CAIT) in association with MasterCard.   CAIT will distribute around 5 lakh kits among the various traders and their employees throughout the country, out of which 35 thousand kits will be given to the traders of Chandni Chowk, Sadar Bazar,& Karol Bagh in Delhi. MasterCard is a Corporate partner  in this project and CAIT will also call…

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E-Invoicing Masterclass

15th October 2020 | 11:00 – 12:00 Hrs CII is organizing knowledge dissemination sessions under its initiative the Industry Insight Series. Under this series, Industry experts hold webinars on key issues and development affecting businesses and offer insights on how they can be addressed. As part of the series, its eminent domain experts- Vaishali Dedhia and Shilpa Dhobale plan to share their experience about e-invoicing implementation with CII on October 15th, 2020 at 11:00 am in E-Invoicing Masterclass to answer Your Most Burning Questions about E-Invoicing Implementation The session will cover following…

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Container shortage may spoil exports recovery

Non-availability of containers at the leading ports may spoil the recovery process for the export sector which has shown positive growth trends for the first time in September during the current Corona affected fiscal. Leading industry body of exporters, FIEO, in a recent release has maintained that container shortage is emerging as a serious concern for meeting delivery commitments of foreign buyers. Sharad Kumar Saraf, President, FIEO said that from the last couple of months, in spite of offering space for three to four weeks ahead, shipping lines are shutting out…

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New warehousing hubs emerging in non-metro circles

High-intensity focus on making India a global manufacturing hub has caused warehousing clusters to expand rapidly beyond the top cities and into tier 2 and 3 cities, reveals ‘Indian Industrial & Logistics – Gearing Up a Global Manufacturing Hub’ – a joint report by US-based Binswanger Commercial Real Estate Services and ANAROCK Group. The two firms recently joined hands to offer boutique advisory, brokerage and transaction services on industrial real estate opportunities between India, USA and other global markets. The report says that demand for small and multi-location warehouses is expected to…

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Blue Dart to ramp up TLC to combat Corona

Blue Dart, India’s leading express logistics service provider, has announced ramping up its infrastructure with its pre-existing specialised Temperature Controlled Logistics (TCL) to combat the pandemic. The company will further offer complete Supply Chain Solution for the Life Sciences and Clinical Trials Sector and reefer vehicles (cold chain) services to the vaccine sector to ensure seamless transport of shipments. As the development of the COVID-19 vaccine leapfrogs across development phases, stringent temperature requirements (up to -80°C) will be a critical factor for its transportation and warehousing at every stage. An…

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Snapdeal’s “Kum Mein Dum” to offer customized sales experience

India’s leading value-focused e-commerce marketplace, Snapdeal’s “Kum Mein Dum” Diwali Sale will start from October 16th and will continue till 20th October ‘20. To prepare for the sale, Snapdeal asked its users to select products that they would like to purchase this Diwali. The “Kum Me Dum” sale selection is built around the choices indicated by more than 1.25 Lakh participants across 92 cities. 42% of the users made choices relating to gadgets for daily use. Kitchenware was the second most popular choice with 38% of the users desiring maximum deals on…

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Spoton scales up logistics hubs in 3 cities

Spoton Logistics, India’s leading engineering and technology-driven express logistics company, has expanded its logistics network, by scaling up logistics hubs in Nagpur, Bengaluru, and Chennai respectively. The hubs offer comprehensive facilities to expand the horizon of deliveries during the festive season and support future growth in the regions. Currently enabling the delivery of  17,500 consignment notes (around 1,40,000 pieces) each day, Spoton Logistics is expecting a significant surge this festive season with Retail, eCommerce, and FMCG sectors driving this spike. Spoton Logistics offers an easy-to-use Customer Self-Service Portal where customers…

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Yokohama India Launches BluEarth-GT tyre in India

Yokohama India has launched its latest edition of the BluEarth Series – ‘BluEarth – GT’ in India. Inspired by the Grand Touring concept, GT offers the best of the both – performance and comfort.  BluEarth-GT is proudly ‘Made In India’ at Yokohama India’s state of the art manufacturing unit at Bahadurgarh, Haryana. Nitin Mantri, Chairman Yokohama India said, “At Yokohama we look at the bigger picture that goes beyond pure financials. In 2010, we launched the BluEarth series, aimed at being Environment friendly, Human friendly and Social friendly. GT is the latest addition to…

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Truecaller announces 250 million active users globally

Truecaller recently announced reaching the landmark of 250 million monthly active users and 200 million daily active users. While these are global numbers, India continues to be the company’s home market with a majority 185 million monthly active users and over 150 million daily active users. Since the beginning of the year, Truecaller has increased its active users with more than 40 million users despite the pandemic. Headquartered in Stockholm, Sweden, with offices in Bengaluru, Gurgaon, Mumbai and Nairobi, Truecaller is a service that is used by hundreds of millions…

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