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PRAHLAD TANWAR
Shipping, allied industries battle choppy waters as margins sinkAs things stand, freight rates in key transit routes have declined over the past 3-4 months to as much as just a quarter of what they avera...- Mahindra to acquire Rivigo’s B2B express biz for Rs 225 crore in slump saleRivigo had held talks with Flipkart, FirstCry for potential deal
- Shadowfax in talks to raise $100 million, valuation likely to touch $350-400 millionMumbai-based investment fund A91 Partners is in discussions to finance the primary part, three people said. The deal is currently in the du...
- Troubled logistics tech unicorn Rivigo held talks with Flipkart, FirstCry for a saleThe discussions around Rivigo’s acquisition are still preliminary and may or may not result in a deal, said these people who spoke on the c...
- Cloud over $500 million exports to Russia, CIS countriesIndia's export target for this financial year is $650 billion, a number it will likely achieve, commerce and industry minister Piyush Goyal...
- Top Steel companies plan to make more containers in IndiaThe ongoing acute global shortage of containers along with a push from the government for more self-dependence in the segment has led some ...
- Logistics firms optimise costs amid payment delays from cash-strapped customersWhile ecommerce companies, seeing steady sales, have been paying warehousing service providers on time, some companies in the fashion appar...
- Logistics firms feel the slowdown, scale back on expansionIndia’s second-quarter GDP data is to be released on November 29. In the recent past, auto sales, consumption, real estate sales and bank c...
- Logistics companies plan to build and own warehousesAn estimated $7 billion is likely to be spent on warehouses, fulfilment centres and logistics parks in the next three to four years.
- Delhivery delivers 2x growth as the e-commerce wagon gathers speedAccording to the registrar of companies filings, the company's revenue grew to Rs 495 crore in FY15-16 compared to Rs 228 crore a year ago.
- Paytm piloting service to deliver goods via Ekart-the logistics arm of FlipkartFor Paytm, the move marks greater focus on reaching customers in smaller towns and cities which generate more than half of total orders.
- Budget 2016: India allocates Rs 800 crore for ports sectorIn his last budget, Jaitley had said ports in public sector will be encouraged, to corporatize, and become companies under the Companies Ac...
- Railway Budget 2016: Suresh Prabhu announces measures for freight to increase modal shareIt also proposes to develop three dedicated freight corridors, draft a freight train timetable, increase the average speed of freight train...
- Make in India: PMO likely to give final nod to cabotage relaxation in 15 days, says Nitin GadkariThe Prime Minister's office will likely give a final nod to total relaxation of cabotage rules, a move that will make way for global shippe...
- Delhivery to add 3 new lines of business to boost revenue, carve distinct identityDelhivery aims to now create technology solutions for merchants, help them list on online marketplaces and develop point-of-sale systems.
- Warburg eyes partial exit with Gangavaram port IPODVS Raju controlled-Gangavaram Port is looking to go public to help private equity firm Warburg Pincus get a partial exit.
- GoJavas in talks with PE firms to raise up to Rs 250 croreThe valuation of the company after investment is expected to be in the range of Rs 500 crore to Rs 700 crore, according to the people cited...
- Startups eye delivery space: Young firms like Delyver, Grofers deliver a whole range of servicesA customer can log on to their respective smartphone app or website for placing orders from listed local stores and restaurants.
- Delhi rape case: Banning taxi cos like Uber, Ola is just another way of passing the buckIndustry experts don’t make much of a ban, they say a stricter regulatory framework needs to be in place. That and better use of technology.
- Logistics companies looking for funds to build scale & be GST-readyExperts say larger companies in will look at a public listing while mid-sized companies will seek strategic or PE funding.
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