Budget: Wish List

Abhik Mitra, MD & CEO, Spoton Logistics  As India Inc. sets sights on the Budget 2021-2022, I would like to draw the attention of the honourable finance minister towards a few key pain points of the logistics industry that must be addressed in this year’s budget. With logistics holding the economy together even during the COVID-19 pandemic and set to play an even more crucial role in current times, the government must look at providing the much-required financial and infrastructural support to the sector. With India’s aim to reduce the logistics cost from the…

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KTM launches Adventure Trails in 10 cities

KTM, the world’s #1 & India’s fastest growing premium motorcycle brand, launched and conducted the KTM Adventure Trails across multiple cities. KTM Adventure Trails are aimed at introducing the owners to adventure biking by taking them on single-day rides exploring exciting trails. These nature trails have been carefully selected and curated by KTM Experts to provide a wholesome riding experience and to impart basic riding techniques of navigating terrains of different kinds. The Adventure Trails are curated in a way that within the vicinity of their cities, riders discover hidden paths that they have never seen before. …

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Club Mahindra launches ‘The Fantastic Family Show’

Club Mahindra, Mahindra Holidays and Resorts India Limited’s flagship brand, has just launched India’s largest online family travel game show – ‘The Fantastic Family Show’. It is designed to give families an opportunity to showcase how fantastic they are. Spread over three months, the show will see families competing through multiple virtual rounds to show off their talents and personalities in an entertaining and fun filled format. The show will be hosted on https://www.clubmahindra.com/fantasticfamilyshow by celebrity artists Rohit and Manasi Roy.   Pratik Mazumder, Chief Marketing Officer, Mahindra Holidays & Resorts India…

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India poised for double-digit growth in 20-21, says economic survey

According to the Economic Survey released on 29th January, India’s real GDP is set to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent-the highest since independence. The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Economic Survey 2020-21 in Parliament which states that the rebound will be led by the low base and continued normalization in economic activities as the rollout of COVID-19 vaccines gathers traction. The fundamentals of the economy remain strong as gradual scaling back of lockdowns…

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Kisan Rail services picking up momentum

Ever since the first Kisan Rail train was flagged-off on 07.08.2020 between Devlali (Mah) and Danapur (Bihar), 17 more routes have been added to this special services. According to a government release, till 22nd Jan, 157 services of Kisan Rail have been run, transporting more than 49,000 Tonnes of consignments. The primary objective of running Kisan Rail trains is to increase the income in farm sector by connecting production centers to markets and consumption centers. The union government had announced commencing this service in last year’s budget to  transport perishables and…

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BharatBenz launches six new trucks

Daimler India Commercial Vehicles (DICV) recently introduced eight new products to its range of BharatBenz commercial vehicles. On display were six new trucks and two new buses equipped with new user-centric features and design elements. According to a company release, since the start of BSVI sales in April 2020, BharatBenz’s has almost doubled its market share and increased its network to 250 touchpoints across India. In line with its innovation-driven market focus and commitment to offer customized solutions, BharatBenz’s new set of commercial vehicles are designed to provide unmatched reliability and…

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Blue Dart reports 21% sales growth in Q3

India’s leading express air and integrated transportation and distribution company Blue Dart has declared its financial results for the quarter October – December 2020. The company has posted  Rs 937.83 million profit after tax (previous year Rs 330.80 million loss) for the quarter ended December 31, 2020. Revenue from operations for the quarter ended December 31, 2020 stood at Rs 10,349.22 million.  Balfour Manuel, Managing Director, said “Blue Dart has outperformed in the quarter ended December 31, 2020 with an increase in sales by 21%. The stellar performance for the quarter is backed by right yield management and aggressive cost efficiencies delivered though high service delivery by passionate and pandemic warriors frontline Blue Darters. Sectors such as E-commerce, Pharmaceuticals, Consumer electronics etc. saw…

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DP World commences construction of Mumbai FTZ

Global logistics major DP World has started construction of its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai. The Rs 1000 crore DP World FTZ investment comes under the Hindustan Infralog Private Limited (HIPL) joint venture between DP World (65%) and the National Investment & Infrastructure Fund (NIIF) (35%). This venture has been created to invest up to $3 billion in ports, logistics and related sectors across the country. NSBP, a Special Purpose Vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The FTZ…

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E-commerce, express business drive DHL’s record growth

The world’s leading logistics company Deutsche Post DHL Group recently announced preliminary results for 2020 which is far better than market expectations considering Corona led troubles last year. The group has reported improving its operating profit (EBIT) to a record of EUR 4.840 billion and with this significantly outperformed its earnings guidance of EUR 4.1 to 4.4 billion for financial year 2020. With its broad range of logistics services, the Group benefited from the rise in global e-commerce activities and increased consolidated revenue by 5 percent to EUR 66.8 billion in…

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H&M touches half a century mark in India

H&M, Hennes & Mauritz AB, the international fashion retailer known for fashion and quality at the best prices in a sustainable way, recently opened its 50th store in India. The newest H&M store has been opened in Bhubaneswar. H&M opened its first store in 2015 and in a little over 5 years has expanded their retail footprint considerably. In November 2020, the brand opened its 49th store in Lucknow and today operates stores across 25 cities that include all the leading metro cities like Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore as well as other…

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