Coal ministry developing logistics policy for the sector, national coal evacuation plan
The coal ministry is developing a logistics policy for the sector and a national coal evacuation plan with a view to reducing logistics costs, an official statement said on Saturday. An inter-ministerial meeting on logistics was held to review the progress of implementation of the national logistics policy, the statement said adding that it was […]
Can warehouse automation technology unleash MSMEs’ real potential?
Warehouse automation technologies for MSMEs: Micro, small and medium enterprises (MSMEs) have been spearheading the Indian economy. These businesses, which include both manufacturing and service-based industries, have proven instrumental in creating jobs and driving innovation. However, they face challenges such as limited infrastructure, lean resources and excessive costs, which ultimately affect productivity. To demonstrate adaptability […]
Vistara kickstarts discussions to Integrate Staff with Air India
Vistara has started discussions on integrating its staff with Air India, even as the two Tata group carriers await regulatory approvals for merging with each other, its CEO said Monday. Vinod Kannan said there is unlikely to be any rationalisation of staff at Vistara because of this, but added not everyone may get the same […]
Industrial & warehousing sector recorded space absorption of 22.4 mn sq ft in H1 2023: Savills India
The industrial and warehousing sector recorded a total absorption of 22.4 million sq ft in H1 2023, indicating a 7% increase compared to the 20.9 million sq ft absorbed in the first half of 2022, according to a Savills India report. Tier I cities accounted for 75% of the total absorption in the first half […]
Vayana TradeXchange commences operations at GIFT IFSC
Supply-chain finance platform, Vayana TradeXchange (VTX) announced the commencement of its operations at GIFT IFSC in GIFT City, after securing licence from the International Financial Services Centre Authority (IFSCA). The company is targeting trade financing volume exceeding $7.5 billion over the next 24 months. Earlier this month, Bengaluru-based KredX announced the commencement of its commercial […]
TimesPro, OM Logistics collaborate to launch a programme for Certificate in Logistics Planning & Management
TimesPro and OM Logistics have collaborated to launch the Certificate in Logistics Planning & Management to equip learners with new-age skills to build a career in Warehouse Management and strengthen their supply chain competencies. OM Logistics is a 360-degree service provider in the logistics industry and provides a one-stop solution to all logistics needs. It […]
Major overhaul. Airlines can propose routes they want to fly under UDAN 5.0
In a major overhaul of the UDAN programme, the Ministry of Civil Aviation has announced that airlines can now propose routes they want to fly under the new UDAN 5.0 version. The move replaces the previous system in which the Ministry predetermined the routes airlines could operate on. Another significant change is the withdrawal of […]
ONE increases Africa, India, Middle East service frequency to weekly
Ocean Network Express (ONE) announced that the Africa, India and Middle East (AIM) service will increase its sailing frequency from fortnightly to weekly starting from May 2023. “This is part of ONE’s commitment to enhance our services in Africa. This upgrade to a weekly sailing frequency, will provide greater flexibility and convenience to cater to […]
Stock market update: Nifty Realty index advances 2.75% in an upbeat market
NEW DELHI: The Nifty Realty index traded positive around 11:05AM(IST)on Monday in an upbeat market. Godrej Properties(up 7.1 percent), Prestige Estates Projects(up 4.06 per cent), SOBHA(up 3.76 per cent), DLF(up 3.15 per cent) and Brigade Enterprises(up 2.72 per cent) were among the top gainers.
Inside UPS’ big plans to make a deeper foray into India’s logistics landscape
The global shipping & logistics major, UPS, is making a strategic investment of $15-20 million to expand its network of technology centres in India. It says its industry-leading technology will get a boost from India’s talent pool as these centres will complement UPS’s in-house technology development teams in the US and Europe.