JDA Software to partner TCS to develop cognitive supply chain

India’s leading software firm Tata Consultancy Services has joined hands with JDA Software, the leading provider of end-to-end supply chain and retail solutions, to build next-generation cognitive solutions. The partnership is aiming to optimize supply chains for customers worldwide. The partnership will leverage the TCS Business 4.0™ thought leadership framework and JDA Luminate™ solutions portfolio to develop joint, interoperable technology solutions for supply chains of the future. Through these solutions, enterprises can harness the power of cloud, AI and ML, allowing them to gain complete supply chain visibility and receive prescriptive recommendations to make accurate,…

Read More

Bata registers 16% growth backed by retail expansion

Buoyed by robust festive sales, well-received consumer campaigns and the expansion of 50 new red-concept stores, footwear major Bata India has reported a 16% growth in net sales at Rs. 7,787 million for the third quarter ended 31st December, 2018. Bata has had a busy Q3 with the addition of multiple new red-concept stores and renovation of existing stores to give its customers an elevated shopping experience. The brand refreshed products in various categories including the Power Walking Collection with Memory Foam, new styles in the fashionable Red Label collection, contemporary marriage collection by Hush…

Read More

Government in favour of ease of doing Agri-Business Index

To improve the lots of farmers in the country and meet its target of doubling their income in the next five years, the union government has proposed creation of an ease of doing agri-business index. It has circulated a concept note alongwith parameters for developing an Index has been to all States/UTs inviting their views. The concept is to consider farming not solely as a production oriented activity carried out to achieve food security for the country, but as a business activity carried out by farmer as entrepreneur. The proposed…

Read More

Six agri-exports clusters to come up in Maharastra

Ministry of Commerce and Industry is making all out efforts to implement the first ever Agriculture Export Policy announced in December, 2018. Among other things, the policy would also provision for creation of distinctive agri-exports clusters in different states depending on their agricultural product strengths. In Maharashtra, six clusters have been identified for grapes, mango, pomegranate, banana, oranges and onion. For successful implementation, FPO’s and co-operatives would be linked with the farmers and exporters. Indian Institute of Packaging has been roped in for working on packaging standards for international markets in…

Read More

INORBIT adds new brands to its portfolio

Inorbit mall has strengthened its retail mix with new brands across categories like apparels, footwear, cosmetics, home décor, food and entertainment. Inorbit mall which is present in Mumbai (Malad & Vashi), Bangalore, Hyderabad and Vadodara is now home to the much awaited brands that customers have been eagerly waiting for. In Mumbai, Inorbit Mall Malad has recently opened food joints like Haagen Dazs, Butter Chicken Factory and Tea Villa Café to satiate the taste buds of every Mumbaikar. Brands like Nykaa cosmetics, Kama Ayurveda and Innisfree too have joined the brand wagon of the…

Read More

Government invites feedback on draft National Logistics Policy

Logistics Division in the Department of Commerce, Ministry of Commerce and Industry has invited comments and suggestions on the Draft National Logistics Policy from the stakeholders in the logistics sector and from the public on various aspects of the policy. The policy document is available on the official website of Department of Commerce (www.commerce.gov.in) and MyGov portal (www.mygov.in). Comments and suggestions may be sent at e-mail address :draftlogpolicy@gmail.com or in the comment box under ‘Discussion’ section of MyGov portal latest by 19th February 2019. The comments and suggestion should be preferably in word…

Read More

Odisha waterways to carry 200 lakh tonnes of cargo

Nitin Gadkari, Union Minister of Road Transport & Highways, Shipping, Water Resources, River Development & Ganga Rejuvenation, recently visited Odisha and in a public meeting emphasized union government committed to develop all modes of transportation in the state. During the visit, Gadkari announced a 262 km long waterway, combining Mahanadi and Brahmani. This waterways stretch will be developed from Karimnagar to Dhamra and Paradip at a cost of Rs 5,000 Crore. It will carry 200 lakh tonne of cargo and be a game changer for the state. The project is…

Read More

Over 20 percent sales growth in commercial vehicles

The apex body of vehicle manufacturers in the country SIAM recently released nine-month sales figure for the current fiscal. And here commercial vehicles seem to have registered the best growth across all segments. The industry produced a total 26,260,121 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-January 2019 as against 23,907,502 in April-January 2018, registering a growth of 9.84 percent over the same period last year. The sale of Passenger Vehicles grew by 3.72 percent in April-January 2019 over the same period last year.…

Read More

FSC reports over 40% jump in quarterly revenue

Future Supply Chain Solutions (FSC), the logistics arm of the domestic retail giant Future Group, has posted 43.2 percent jump in its revenue in the quarter ending December 31st, 2018. During the period, the company earned a revenue of Rs 332.6 crore as against Rs 232.3 crore in the same quarter in the previous fiscal. Its net profit also rose by 57 percent in December, 2018 quarter – Rs 19.7 crore from Rs 12.6 crore in the corresponding quarter last year. The company has also mentioned its total warehousing area…

Read More