Page 7 - Logistics

Logistics firm Shiprocket raises Rs 200 crore in series C funding round

Investors included Silicon Valley based venture capital firm Tribe Capital

Logistics aggregator platform Shiprocket raises Rs 200 cr in C3 funding

The fresh funding round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm

Hiranandani to set up logistics and hyperscale data centre park in Bengal

Acquires 100 acres from Hindustan Motors, will invest Rs 8,500 cr directly into a project havinf Rs 10,000 cr outlay; rest to come from customer bookings

Govt's logistics division to formulate national packaging initiative

The logistics division, under the Commerce Ministry, has started an exercise to formulate a national packaging initiative

Logistics shares gain; Gateway Distriparks zooms 55% in 5 days

Blue Dart Express surged 6 per cent and hit a fresh 52-week high of Rs 4,457, while Gati soared 7 per cent to Rs 96, and was trading close to its 52-week high of Rs 107 on the BSE

1,500-acre logistics park set to come up near the auto hub of Sanand

Spread across 1,450 acre at Virochan Nagar, the park is expected to attract investments worth Rs 50,000 crore in the logistics and transport space

Ecom Express expands to Bangladesh, invests Rs 80.6 cr in Paperfly

Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics (3PL) firm, Paperfly.

Logistics to be at core of next stage of battle against Covid, say experts

The domestic logistics sector is expected to continue at the core of the next stage of the battle against the virus in 2021, experts have said

India's Covid vaccination mock drill: planning, logistics to be in focus

96,000 vaccinators trained for world's largest immunisation exercise so far. A helpline is being started by states for any vaccine-related queries

Seaways Shipping inks pact with MOL Logistics for supply chain services

Hydearbad-based Seaways' group flagship Seaways Shipping and Logistics said it has entered into a pact with MOL Logistics (India) for providing end-to-end supply chain and turnkey logistics services

FM Logistic plans to double warehousing capacity in next 3-4 years

CEO Soufiani expects sales to return to pre-Covid levels by March 2021 as 90 per cent of the business has already recovered by December

FM Logistic India plans to invest Rs 180 crore in intra-city warehousing

A focus point will be technology and last-mile delivery flow optimisation and organisation," Alexandre Amine Soufiani, managing director, FM India Supply Chain, told Business Standard

GIC, ESR Cayman form $750-million joint venture to invest in logistics

The JV will be seeded with a 2.2 million sq ft build-to-core asset, located in close proximity to the large consumption hubs of Mumbai and Thane

Logistics shares extend rally; Snowman Logistics gains 96% in 5 weeks

Snowman Logistics and SpiceJet have signed an MoU for jointly engaging in storage, transportation and distribution of Covid-19 vaccines

Oct services activity at 54.1, grows for first time in 8 months: PMI

It was the highest reading since February and comfortably above the 50-mark separating growth from contraction

GreenBase, Tamil Nadu sign MoU to set up industrial, logistics park

The setting up of the park would see creation of multiple direct and indirect jobs besides boosting the socio-economic growth in the regiongreenbase

Logistics growth to be driven by e-commerce among other sectors: ICRA

The near-term growth of the Covid-19-battered logistics sector is expected to be driven by specific segments like e-commerce, ratings agency ICRA said on Monday

Ashok Leyland to supply 1,400 ICVs to logistics start-up Procure Box

The manufacturer will supply its product Ecomet and the order will be executed in the next 5-6 months

Goyal urges industry to work with Railways in reducing cost of logistics

Railways Minister Piyush Goyal said there has been a transformation of railways and that the COVID-19 phase has been utilised to remove bottlenecks making policing changes and improving infrastructure

China eyes military facilities in Pak, Myanmar, 10 other nations: Pentagon

The other countries are Thailand, Singapore, Indonesia, United Arab Emirates, Kenya, Seychelles, Tanzania, Angola, and Tajikistan, the report said on Tuesday