Railways kickstarts pilot project to align with e-commerce firms

In its bid to align with the fast-growing e-commerce business, Indian Railways recently kickstarted a pilot project carrying consignments of Amazon on a specific EMU route.  The services commenced from Sealdah to Dankuni in EMU local (suburban services) managed by Eastern Railways. The pilot project is initially for a period of three months where total 7 MT of consignment per day has been allowed to be carried.The rate chargeable is that of Luggage Rate (Scale L – highest scale) i.e. ₹.5537/- per day. This pilot project of booking consignments in…

Read More

Dip in domestic crude oil production in H1

According to a government released data, crude oil production during September, 2019 was 2646.51 TMT which is 7.09% lower than target and 5.41% lower when compared with September 2018. Cumulative crude oil production during April-September, 2019 was 16372.02 TMT which is 4.52% and 5.96% lower than target for the period and production during corresponding period of last year respectively. Crude oil production by ONGC during September, 2019 was 1667.55 TMT which is 5.46% lower than the target and 2.55% lower when compared with September, 2018. Cumulative crude oil production by ONGC during April-September,…

Read More

Walmart using pressure tactics, says CAIT in its note to PM

A day after Walmart CEO wrote a letter to Prime Minister asking for stable business environment in India, the Confederation of All India Traders (CAIT) in a communication sent to the PM came down heavily on Walmart CEO and termed his letter as pressure tactics.    “These kind of rhetorics by global players are nothing but a pressure tactic to find a headway into the large existing business Potential of India’s 45 Lakh crore retail market and directly control our economy by indulging in unfair and monopolistic business practices,” the…

Read More

Snapdeal launches Dhanteras e-store

Snapdeal has announced the launch of its dedicated dhanteras e-store to provide popular items of the festival in one platform. The store has utensils, gold and silver jewellery and coins, gemstone, pooja items, cleaning items like brooms, and home decor. Snapdeal has curated special discounts on gold coins and an affordable range of silver coins starting at Rs 149. These bars and coins are available from brands like MMTC Pamp, Bangalore Refinery, National India Bullion Refinery(NIBR), Goldsikka Jewels, and more. Coins in Ganesha, Laxmi and Radha Krishna designs are also…

Read More

Cargill redesigns packaging to reduce carbon footprint

Cargill’s oils business in India has redesigned its packaging by cutting down on the amount of raw plastic used across all products. In association with Dow Chemical, the business reformulated its plastic material, making 90% of its plastic packaging recyclable and will be used in the packaging of its popular edible oil brands Gemini, Sweekar, and NatureFresh. To raise further awareness,  the brands carry the slogan “recycle the present, save the future” on their packaging. Commenting on the intiative, Piyush Patnaik, Managing Director, Cargill’s oils business in India said, “As a responsible business, we…

Read More

USDA revises down India’s sugar production forecast

India’s out-year centrifugal sugar production will decline for the second consecutive year to 29.3 million tonnes, which is 14.6 per cent below the previous season, as per latest data compiled by United States Department of Agriculture (USDA). This forecast includes 620,000 tonnes of khandsari (a local type of low-recovery sugar prepared by open-pan evaporation) and 28.7 million tonnes of mill sugar (equivalent to 26.8 million tonnes of crystal white sugar). Additionally, as compared to the previous season (Marketing Year 2018/19), a lower than expected diversion of cane for sugar production…

Read More

Legendary Chetak makes a comeback in EV avatar

Nearly a decade after Bajaj Auto suspended the production of its flagship offering – Chetak scooter – and took to motorcycle only route, the legendary Chetak brand has come alive again in a new avatar. Bajaj Auto last week launched transformed Chetak which would now be available to the consumers in the electric vehicle format. According to a company release, the new Chetak features a hypnotic horseshoe shaped LED headlight with DRLs, feather touch activated electronic switches and sequential scrolling LED blinkers. At the heart of the new Chetak is…

Read More

Brokeman Logistics to represent Port of Rotterdam in India

In its bid to enhance its business activities in India, the Port of Rotterdam Authority spearheading Europe’s largest port has appointed Broekman Logistics as its representative in India. “As one of the fastest growing economies in the world, India is investing heavily in the development of seaports, industrial areas and hinterland connections. That makes India an interesting partner in the field of trade, maritime industry and education but also in the field of digital developments and innovations, ” Rene van der Plas, the head of Port of Rotterdam International has…

Read More

Global coffee industry’s biggest show comes to India for its Asian debut

Ritwik Sinha The 5th edition of World Coffee Conference, the biggest event of the global coffee industry, will be hosted in India next year in Bengaluru. Organised by  International Coffee Organization (ICO), which operates under the aegis of the United Nation and has 78 member countries, the event will be held from September 7th to 9th 2020. The Ministry of Commerce & Industry and the Karnataka government will be partnering in organizing the show, which is billed to be the biggest event of the coffee industry. At a time when global coffee prices…

Read More

Rivigo expects to attain cash breakeven level by FY 20 end

Technology-enabled logistics firm Rivigo may become one of the first unicorns to turn profitable, expecting to become cash breakeven in the current fiscal itself. In a recent press release, the company has claimed adding Rs. 300 crore to its topline registering a 45% annual growth last year. Focused on profitable growth since the beginning of the year, the company has shifted focus away from building a freight marketplace. Commenting on the shift in focus,  Gazal Kalra, Co-Founder, Rivigo, said, “We believe it is important to  build a freight marketplace with…

Read More