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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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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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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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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Exciting offers from Samsung during Flipkart’s ‘Big Billion Days’

Samsung has announced exciting offers on select smartphones for Flipkart’s ‘The Big Billion Days’ sales starting October 11. Samsung’s flagship Galaxy S8 (64GB) will be available at a never before price of INR 29,990 after a flat discount of INR 20,000. Among other smartphones that will be available at attractive prices is – Galaxy On6 (64GB) which will be priced at INR 11,990. Samsung is also offering exciting offers on other Galaxy smartphones; Galaxy J3 Pro will now be available at an exciting price of INR 6,190. Galaxy On Max and…

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Walmart India to expand farmers sourcing base

 Walmart India and the Walmart Foundation have deepened their commitment to smallholder farmers in India. The Walmart Foundation, working beyond the Walmart India supply chain, will invest US$25 million (approximately Rs. 180 crores) to improve farmer livelihoods over the next five years. Separately, Walmart India will grow its direct sourcing from farmers sold in its Cash & Carry stores over the same period. Walmart India has pledged to work towards sourcing 25 percent of produce in its Best Price Cash & Carry stores directly from farmers. It also will seek…

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KPTL bags new orders worth over RS 1,100 crores

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector has secured new orders of Rs.1,145 crores.It comprises two orders totalling Rs.644 crores for design, supply and construction of 500 kV and 230 kV transmission lines in CIS and Africa region. And a composite order for railway infrastructure construction from RVNL for Rs.502 crores in a consortium. Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO, KPTL said “The new orders will help KPTL to further strengthen its presence in CIS and African geographies…

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JetSetGo launches SkyShuttle service in Mumbai

JetSetGo, an air charter service company, has launched SkyShuttle service in Mumbai. Initially three key sectors will be served – Mumbai-Bangalore, Juhu-Tarapur, and Juhu-Vapi. SkyShuttle will utilize a combination of efficient premium jets and helicopters to bring the future of flying cars and on-demand urban air transportation one step closer. CEO and Co-Founder of JetSetGo, Kanika Tekriwal explained, “Using vertical take-off and landing (VTOL) allows us to make full use of the third dimension in air travel to make daily traffic jams a thing of the past.” The company has also announced plans…

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Ramco bags prestigious project from US defense supply chain contractor

Global enterprise software specialist Ramco Systems has won an order for Ramco Aviation Suite from multidisciplinary technology services provider Advanced Global Resources, LLC (AGR), to track and manage inventory in real-time, ensuring auditability and accountability for their asset management responsibilities to the US Army. Ramco Aviation Suite 5.8 was chosen for its solution breadth, modularity, flexibility, and mobile-friendly capabilities. The software offers modules for advanced procurement, invoicing, vendor and inventory management in real time. These functions are accessible via a hub-based dashboard that will enable users to effectively plan, manage and report on all assets.…

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Schneider Electric to consolidate partnerships with top suppliers

Schneider Electric, the leader in digital transformation of energy management and automation, recently shared its vision of creating the most flexible and competitive supply base in the industry, wherein strategic partnerships, quality, co-innovation, growth and sustainability continue as key company priorities for customer satisfaction in the Digital Economy. At the same time, the company celebrated the contributions and achievements of key partners and suppliers over the last two years. Held at the Singapore’s Marina Bay Sands Hotel and Convention Centre, Schneider Electric’s Global Supplier Day 2018 – its fifth in the past…

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