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The company reported Rs 2,800 crore revenue last year and now expects to grow at least 35-40 percent towards Rs 6,000-7,000 crore revenue in the next 24 months.

Delhivery to set up trucking hubs in DEL, MUM & BLR, expand fleet size to 450

26 Aug 2020 12:41 PM IST
August 26, 2020: Logistics firm Delhivery is planning to invest up to Rs 300 crore in next 24 months to expand its fleet size to 450 vehicles from the...
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Shashi Kiran Shetty, chairman, Allcargo Logistics and Gati.

Allcargo Logistics plans to delist its shares

25 Aug 2020 12:12 PM IST
August 25, 2020: Allcargo Logistics has informed the stock exchange that its promoters, Shashi Kiran Shetty and Talentos Entertainment (TEPL), are...
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The two-fold objective of the Japanese proposal is to attract foreign direct investment to turn the Indo-Pacific into an economic powerhouse and to build a mutually complementary relationship among partner countries.

Japan proposes trilateral supply chain with India & Australia to counter China

22 Aug 2020 3:27 PM IST
August 22, 2020: Japan has proposed to launch a trilateral (Supply Chain Resilience SCRI) Initiative with India and Australia to counter the ambitions...
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Indian logistics industry to grow at aCAGR of 7.2 percent between 2019 and 2025.

Automation, cold storage & visibility to attract revenue in post-Covid logistics: Frost & Sullivan

22 Aug 2020 1:02 PM IST
August 22, 2020: Frost & Sullivan's analysis, Post-Pandemic Growth Opportunity Analysis of the Indian Logistics Industry, reports that while the...
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Jindal Stainless is the largest stainless steel production company in India and ranks amongst the top 10 stainless steel producers in the world with an annual turnover of $2.8 billion.

How Maersk helps Jindal Stainless to solve its logistics challenge posed by Covid-19?

22 Aug 2020 12:17 PM IST
August 22, 2020: World largest shipping company Maersk is helping India’s largest stainless steel producer Jindal Stainless by facilitating to and fro...
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Akash Gupta, CEO and co-founder, ZYPP Electric Mobility.

ZYPP moves 5 lakh shipments in 4 cities amid Covid; plans to add 8 more cities

21 Aug 2020 1:11 PM IST
August 21, 2020: The Gurgaon based electric last-mile delivery startup ZYPP Electric Mobility (formerly known as Mobycy) has delivered of 5 lakh+...
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As COO, Uday will have direct responsibility for the company%u2019s sales & service delivery operations, demand planning, vendor alliances, and business process management.

Spoton Logistics elevates Uday Sharma as its new chief operating officer

20 Aug 2020 4:54 PM IST
August 20, 2020: The express logistics company, Spoton Logistics today announced Uday Sharma as its chief operating officer. 
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In July, the Central Drugs Standard Control Organisation of India%u2019s Directorate General of Health Services approved Favipiravir for distribution, sale and use in the treatment of Covid-19 patients.

Agility to start moving Covid-19 drug Avigan (Favipiravir) in India

20 Aug 2020 2:03 PM IST
August 20, 2020: Agility’s Global Response Aid (GRA) and Dr. Reddy’s Laboratories will begin selling the anti-viral drug Avigan in India following a...
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The firm hopes to report a profit for the year started April 1 by cutting costs and halting fresh investment.

VRL Logistics to scrap 700 low capacity trucks to cut repair costs

19 Aug 2020 3:17 PM IST
August 19, 2020: The owner of the largest fleet of commercial vehicles in India, VRL Logistics, has identified 700 low capacity trucks for scrappage...
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Private equity fund Warburg Pincus owns 70% stake in Embassy Industrial Parks while Bengaluru-based Embassy Group owns the remaining 30%.

Indospace and ESR India in race to acquire Embassy Industrial Parks

18 Aug 2020 6:36 PM IST
August 18, 2020: Logistics real estate platforms Indospace and ESR India has emerged to be in a race to acquire Embassy Industrial Parks.
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GIL's first-half Air Freight net revenue increased 17 percent vs. the same period a year earlier, while Ocean Freight net revenue decreased 16 percent vs. same period last year.

Agility reports 61% fall in net profit to $52 mn for first half of 2020

17 Aug 2020 12:13 PM IST
August 17, 2020: The global logistics provider Agility today reported a first-half net profit of $52.93 million, a decrease of 61.3 percent over the...
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This is the first such warehouse of the four such facilities Robinson Global Logistics Solutions (RGL) plans to set up by the first quarter of 2021 in the country.

Robinsons Global opens 1,50,000 sq ft warehousing facility in Bhiwandi

14 Aug 2020 3:36 PM IST
August 14, 2020: The third-party logistics player Robinsons Global Logistics Solutions on Thursday announced that it has set up a new 1,50,000 sq ft...
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