India Post kickstarts e-commerce services

For quite long, India Post’s entry in the fast growing e-commerce business in the country has been an intensely debated issue. Considering its unbeatable reach across the length and breadth of the country, analysts have pointed out that e-commerce could be a robust vertical for the public sector giant. Putting all speculations to rest, last week Minister of State for Communications (lndependent Charge), Manoj Sinha launched the e-Commerce Portal of the Department of Posts (DoP). The Portal will provide an e-Market place to sellers especially to rural artisans / self-help…

Read More

Huge discount in haulage rate for empty containers

To draw more containerized traffic, the Ministry of Railways has come out with an innovative policy intervention which tends to respond to empty container transportation worries of the operators. It has announced a discount of 25% on extant haulage rate per Twenty Feet Equivalent Unit (TEU) on transport of empty containers as well empty flat container wagons in order to facilitate movement of containers by rail towards ports, thereby leading to higher loading by rail from ports. It is expected to enhance efficient handling of traffic at ports and attract…

Read More

Nearly 100% jump in major ports capacity

During the course of this decade, the port capacity in the country has jumped by a staggering margin. According to a recently released paper by the Ministry of Shipping which highlights the positive impact of measures like amendment of Model Concession Agreement, revision of tariff guidelines and Ease of Doing Business, the port capacity in the country has shot up from around 745 million tonnes in 2012-13 to a commendable 1451 million tonnes at the end of 2017-18. The cargo traffic growth has also been in tandem with the capacity…

Read More

Flat trends in exports growth

Exports in November 2018 were US $ 26.50 billion, as compared to US $ 26.29 billion in November 2017, exhibiting a positive growth of 0.80 per cent. Cumulative value of exports for the period April-November 2018-19 stood at US $ 217.52 billion (Rs.15,14,369.74 Crore) as against US $ 194.93 billion (Rs.12,57,811.49 Crore) during the period April-November 2017-18, registering a positive growth of 11.58 per cent in Dollar terms (20.40 per cent in Rupee terms). Non-petroleum and Non Gems and Jewellery exports in November 2018 were US $ 18.57 billion, as…

Read More

DP World’s acquisition of Unifeeder gives easy access to European ports

Global logistics infrastructure giant DP World has completed the acquisition of 100% equity of the Unifeeder Group (“Unifeeder”) , an integrated logistics company with the largest and best-connected feeder and growing short sea network in Northern Europe. Unifeeder has easy connectivity with 100 big and small ports in the region and DP World has acquired the company for a reported sum of €660 million. Unifeeder operates the largest and most densely connected common user container feeder and an important and growing short sea network in Europe, serving both deep-sea container…

Read More

Patna becomes a major station on waterways cargo circuit

Bihar’s capital Patna witnessed  a new landmark in India’s Inland Water Transport (IWT) sector with 16 TEUs of container cargo (equivalent to 16 truckloads) belonging to food giants PepsiCo India and Emami Agrotech from Kolkata reaching the city’s Gaighat IWT terminal on river Ganga last Friday. The 815 kms long voyage was a momentous one with the opening up of Kolkata-Patna as a new Origin-Destination pair on Inland Waterways.Plans are also at an advanced stage to operationalise Patna-Varanasi sector of NW-1 for container cargo movement. The Ministry of Shipping is…

Read More

Sodexo launch India’s first-ever Enterprise Foodtech Program

Sodexo, global food services major, has announced a strategic initiative to work with Indian Startups and closely connect with the local digital & innovation ecosystem to strengthen food offers for Sodexo’s clients and consumers. This open innovation program is in partnership with Zone Startups, a global brand of tech accelerators and early stage venture funds, demonstrating its strong commitment to fast-track growth in the Indian market. The initiative is an effort to extend Sodexo’s Open Innovation Program that has been successful in France and is now focusing on Asia Pacific –…

Read More

OBOPAY offers advanced pre-payment instrument for enterprise customers

 In an effort to empower enterprises with a comprehensive disbursement and payments solution, OBOPAY, the global financial technology company, has launched a new generation pre-payment instrument in partnership with Federal Bank and Mastercard. The highlights of the card include unique innovations such as the multi-wallet facility that allows dedicated payments and allocation of money for various purposes, the ‘Split transaction’ feature which provides payment flexibility to users and multiple payment scenarios among many others. While Cardholders will be able to use the OBOPAY card as a prepaid card, the card will also provide…

Read More

Fabrento begins events rental furniture supply

Fabrento, an online rental startup, backed by Continental Group, has entered into events segment with its new range of furniture, FabEvents. Started in 2016, with FabEvents, Fabrento has become the first rental startup to cater to the event sector. FabEvents lets its customers to lease furniture on rent payable per day. Furniture categories offered in FabEvets ranges from the delectable variations of Sofas, magnificent Varity of chairs, heavily crafted decors and much more, along with its customization facility. Fabrento is currently operational in Delhi NCR, Mumbai/Thane, Chandigarh, Mohali, Jalandhar, Ludhiana, Ambala…

Read More

DTDC strengthens back-end security structure

Domestic express distribution major DTDC has strengthened its back-end security structure by deploying the advanced version of Fortinet Security Fabric. Fortinet (NASDAQ: FTNT), is a leading global player in broad, integrated and automated cybersecurity solutions. The move is meant to respond to the increasing cyber threats. The company decided to upgrade its existing firewall implementation to segment and control its network. The growing business demanded advanced threat protection capabilities with higher throughput to provide real-time connectivity and support for its end-to-end consignment tracking and tracing of shipments. The refreshed Fortinet…

Read More