Flipkart to set up major logistics hub in West Bengal

Domestic e-commerce giant Flipkart has decided to set up a major logistics hub at Haringhata in Nadia district, West Bengal. According to a news agency report, the project would be executed by Flipkart subsidiary Instakart Services. This will be Flipkart’s biggest logistics hub facility in eastern India and the project would cost close to Rs 1,000 crore. The hub, slated to occupy 100 acres in the 358 acre Haringhata Industrial Park, is likely to get ready in two and a half years. “The West Bengal Industrial Development Corporation (WBIDC) passed…

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IWAI’s Majuli Ro-Ro service to drastically cut down travel distance

Inland Waterways Authority of India (IWAI) will be starting a new Roll on-Roll off (Ro-Ro) facility in collaboration with the Government of Assam to provide the much-needed connectivity for Majuli Island. This Ro-Ro facility will cut down the circuitous road route of 423 KMs that trucks take from Neamati to Majuli Island via Tezpur Road Bridge, by limiting the distance to only 12.7 KM with the use of river route. IWAI has procured a new vessel MV Bhupen Hazarika at a cost of Rs 9.46 crore for the new service…

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Maersk to collaborate with supply chain start-ups

 With an aim to further accelerate its global digital transformation, Maersk recently launched OceanPro, an intensive 120-day accelerator program offering start-ups the opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers. Pioneered in India, OceanPro complements Maersk’s innovation efforts worldwide. “We recognize the immense potential of India’s technology and digital talent and are looking to capitalize on these capabilities to help the logistics industry worldwide, to reinvent itself,” says Søren Skou, CEO, A.P. Moller – Maersk, during his visit to Maersk’s…

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Zebra Technologies next gen solutions for retail, logistics

Zebra Technologies Corporation  recently unveiled the next generation of enterprise-class handheld mobile touch computers designed to help retail,manufacturing and transportation and logistics companies empower their front-line workers to deliver a superior level of customer service and satisfaction. These new models add to Zebra’s industry-leading portfolio of Android-based, enterprise-class mobility solutions available to customers and to Zebra’sPartnerConnect community. Zebra’s newest Android-based TC52/TC57 and TC72/TC77 rugged mobile computers offer a unique blend of award-winning industrial design features combined with an enhanced Mobility DNA (M-DNA) suite of productivity, administration, end-user applications and developer tools. The new touch computers build on Zebra’s highly-successful TC51/TC56, TC70x/TC75x and TC70/TC75 touch computer series. With more than one…

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MobiKwik adds wealth management to its portfolio

 MobiKwik, India’s leading fintech platform, has added wealth management to its services portfolio by acquiring Clearfunds. This is MobiKwik’s first acquisition and will help the brand to further strengthen its foothold in the digital financial services industry. MobiKwik will be investing US$15 million over the next one year to scale up its wealth management business. MobiKwik’s 107 million plus customers will soon be able to start saving in mutual funds seamlessly from their MobiKwik app in just a few clicks. Post the acquisition, the Founder and CEO of Clearfunds, Kunal Bajaj…

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DUBAI SHOPPING FESTIVAL BACK FOR ITS 24TH EDITION

Dubai Shopping Festival (DSF) will be back for its 24th edition from 26 December 2018 to 26 January 2019, attracting shoppers from all over the world featuring exciting events, promotions and opportunities for enjoyable shopping experiences, coupled with fun and entertainment for all families. Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), DSF will kick off with innovative initiatives and memorable experiences built around the three pillars of the festival – shopping, winning and entertainment. Ahmed Al Khaja,…

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Emirates thrills film buffs with over 1,000 movies on board

Film fans travelling on Emirates can now look forward to even more choice as ice, Emirates’ award-winning inflight entertainment system, reaches a new milestone by offering over 1,000 movies – more than any other airline. The films are in addition to TV box sets and music giving customers over 3,500 channels of on demand entertainment. The expanded film catalogue offers over 2,000 hours of entertainment that would take 119 trips on the world’s longest A380 flight from Dubai to Auckland to get through. It is available on over 80 aircraft and…

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Four major airlines join NDC Exchange

British Airways, Delta Air Lines, United Airlines, the airlines of the LATAM Group, and Finnair will participate in NDC Exchange, a platform that enables content interoperability across the airline distribution ecosystem and is a trusted bridge between IATA’s NDC (New Distribution Capability) and traditional distribution methods. NDC Exchange is a community platform that enables API connectivity between airlines and sellers (GDSs, travel agents, aggregators, OTAs, and TMCs) so that they can exchange messages easily and cost effectively. NDC Exchange supports shopping, booking, and servicing workflows and enables the cross-selling of ancillary…

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Spurt in coal volume push major ports’ growth

According to a recently released research paper by the noted credit rating agency ICRA, the spurt in coal shipment has contributed to a 5.1% growth in cargo volume of major ports in the country during 5MFY2019, over 5MFY2018. The five month period saw an increase of 19.9% in coal volumes and 8.7% growth in container volumes. Continuing on the increasing momentum witnessed in H2FY2018, the coal volumes have rebounded largely on the back of improved demand and domestic coal supply disruptions, which has resulted in healthy import requirements, as per…

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“ One size fits all formula does not work in logistics tech”

Noida- headquartered FarEye is emerging as a major name in logistics technology space. The tech start-up has raised nearly $15 million during its short journey so far and agencies backing it financially also includes global logistics giant DHL. Ritwik Sinha speaks with Kushal Nahata, Founder & CEO, FarEye to get a sense of company’s growth journey, the USP of its major offerings and the broader trends in the industry on the technology adoption front vis-à-vis supply chain management of both logistics as well as the end-user industry. Edited excerpts…  …

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