Prabhudas Lilladher expects a 33% rise in THIS logistics company’s stock price
The logistics sector is mainly dominated by the movement of goods via roads (~71% of volumes and ~65-70% of transportation revenues), the brokerage said.
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Walmart to offer AI-Powered route optimization tool to other businesses
Walmart has announced that its Route Optimization tool, which uses artificial intelligence (AI) to plot more efficient routes for delivery trucks, will be made available to other businesses.
Industrial & logistics space absorption in Kolkata grows by 32 pc Y-oY
Industrial and logistics space absorption in this metropolis grew by 32 per cent Y-o-Y to 2.7 mn. sq. ft. in January-September '23.
Pristine Logistics & Infraprojects established in Delhi file DRHP for IPO
The Delhi-based Pristine Logistics & Infraprojects Limited has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator, the Securities and Exchange Board of India (SEBI), in order to acquire funds through an initial public offering (IPO).
Ahead of Delhivery’s IPO, CCI approves FedEx’s minority stake buy in the company
Along with the agreement, FedEx has accepted funding $100 million in Delhivery, one of India’s unicorn startups ready to go public soon.
FBI issues declassified document indicating logistical aid to 9/11 attackers
On Saturday, an official statement displayed on behalf of the 9/11 Families United Organization read that the 16 pages released by the FBI put any doubts about Saudi complicity to rest.
SpiceJet reports consolidated net loss at Rs 731 crore in Q1 results
The company was said to experience a significant loss due to the spread of the second wave of Covid-19 in the country.
Lockdown hits Adani Ports, Q1 profits fall by 26%
Nation-wide lockdown imposed due to Coronavirus has impacted the Adani Ports and Special Economic Zones, leading to a fall in Q1 profit by 26%.
Chinese Imports suspended temporarily for shipping by DHL
DHL (Dalsey, Hillblom and Lynn), a German logistics company said on Wednesday. That it has temporarily suspended shipments from China to India.