Mjunction to use Shipnext’s blockchain to improve supplychain management

Domestic steel trading online major mjunction has joined hands with blockchain shipping firm Shipnext to revamp its supply chain functionalities. The alliance with Ukranian firm is slated to facilitate introduction of value-added offerings on mjuntion – a joint venture between two steel in the country, SAIL and Tata Steel. According to Alexander Varvarenko, founder and CEO of Shipnext, “mjunction’s large cargo base is expected to attract more traffic, shipowners and ship operators to Shipnext platforms.” In terms of trading value, mjunction is considered to be the largest e-commerce platform in…

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CJ Darcl to provide supplychain support to Korean cosmetics company

CJ Darcl Logistics – the joint venture between Indian logistics major DARCL and CJ Express of South Korea- has signed a deal with Amore Pacific to help the company in the supplychain management of its beauty and cosmetics products in India. South Korean firm Amore Pacific is a leading global name in the beauty and cosmetics products segment. To assist South Korean cosmetic firm, CJ Darcl has launched a new facility South West Delhi which will act as domestic distribution hub for Amore’s products. Krishan Kumar Agarwal, CMD -CJ Darcl…

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Aramex to move out of domestic Indian business

Dubai headquartered express and logistics major Aramex has decided to move out of its domestic business in India. According to a recent report published in a leading national daily, Gurgaon headquartered Delhivery will integrate Aramex’s domestic business in its fold from the beginning of the next month. Aramex, however, will continue to operate its international business from India. The acquisition of Aramex domestic operations is slated to give a major boost to Delhivery which is more aligned to the fast-growing e-commerce delivery business in the country. Aramex domestic business includes…

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TCIEXPRESS announces revenue growth of 14.89% in Q3

Domestic express distribution major TCIEXPRESS has announced net Q3 revenue growth of 14.89% in the third quarter of the present fiscal. During the quarter, its revenue grew to Rs 263 crore as against Rs 229 crore in the corresponding quarter last year. During the nine months period, its revenue growth has been more robust – over 19 percent. The company has reported the EBITDA at INR 31.63 crores which marks an increase of 28.26%. The company’s PAT also rose subsequently by 21.31% during the quarter. The company claims to have registered impressive growth by leveraging its…

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Mahindra Logistics partners Gulf Oil to consolidate supply chain

Mahindra Logistics, the supply chain arm of the business conglomerate Mahindra group, has bagged a major contract. Gulf Oil Lubricants India (Gulf Oil), a leading lubricant manufacturing and marketing company, has mandated Mahindra Logistics to consolidate its supply chain system in the country aligned to post-GST requirements. As per the agreement between the partners, Mahindra Logistics is setting up a central distribution center (CDC) in Chennai. This center will be equipped with advanced Warehouse Management Systems (WMS) which will take care of Gulf Oil’s entire product portfolio. Pirojshaw Sarkari, CEO, Mahindra Logistics,…

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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…

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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…

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Flydubai adds Kozhikode to its route network

Dubai-based flydubai marked its inaugural flight to Kozhikode in Kerala, India on 01 February 2019.  The airline is operating flights three times a week connecting Dubai International (DXB) to Kozhikode Calicut International Airport (CCJ).  With this launch, flydubai now offers 30 weekly flights to and from Dubai to eight destinations in India. On the launch of operations, Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: “As the first Dubai-based carrier to operate direct flights from Dubai to Kozhikode, we expect this route to be very popular for travellers from…

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Blue Dart sales rise by over 20% in December quarter

Domestic air express market leader Blue Dart has reported a sharp rise of 21.41 percent in net sales in  December quarter. Its sales figure rose to Rs 855 crore as against Rs 704 crore in the corresponding quarter last year. However, its bottomline came under pressure with profits dipping to Rs 31 crore as against Rs 45 crore in December 2017 quarter. Balfour Manuel, Chief Executive Officer, Blue Dart said, “Investment into strategic growth areas has impacted profitability. In the last quarter, we invested to stay relevant, agile and adaptive…

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CONCOR to explore logistics opportunities with Russian firm

Public sector railways container train major CONCOR has signed a deal with Russia’s JSC RZD Logistics. The deal is aimed at exploring opportunities in the logistics business in the evolving international corridors. “An MoU (memorandum of understanding) has been signed between CONCOR and JSC RZD Logistics, Russia, for exploring the logistics opportunities in Russia, India and International corridors, including but not limited to the International North South Transportation Corridor,” the company said in a recent BSE filing. CONCOR is the largest container train operator in the country with over 80…

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