Govt may consider unveiling national logistics policy in Budget 2020

Govt may consider unveiling national logistics policy in Budget 2020 … The government may consider announcement of national logistics policy to … for start-ups in the logistics sector and to double employment in the sector. … competitiveness, and improve India’s ranking in the Logistics Performance … Continue reading Govt may consider unveiling national logistics policy in Budget 2020

UPDATE 1-French grain sector fears export squeeze as strikes hit logistics

— (Writes through with comments from other grain market participants) PARIS, Jan 10 (Reuters) – Strikes over pension reform in France could slow grain exports from this month by preventing enough supplies from reaching ports and by making the French crop too expensive to compete overseas, industry participants said on Friday. Exporters could face a shortage of grain to ship in the second half of … Continue reading UPDATE 1-French grain sector fears export squeeze as strikes hit logistics

GMR ties up with ESR Hyderabad to build Rs 550 crore logistics park

— GMR Hyderabad Aerotropolis Limited (GHAL) announced that it had formed a joint partnership with ESR Hyderabad (ESR), a subsidiary of the Hong Kong-headquartered ESR Cayman Limited, to develop a 66-acre logistics and industrial park at the Hyderabad city airport.  For the project, GHAL and ESR have entered into definitive agreements with an equity interest of 70 per cent and 30 per cent, respectively. GMR … Continue reading GMR ties up with ESR Hyderabad to build Rs 550 crore logistics park

3one4 Capital, Sprout Venture Partners back logistics and distribution startup Ripplr

— Ripplr Co-founders Abhishek Nehru (L) & Santosh Dabke (R) Venture capital firms 3one4 Capital and Sprout Venture Partners have invested an undisclosed sum in Bengaluru-based startup Intelligent Retail, which owns and operates logistics and distribution platform Ripplr, the company announced on Friday. While the terms of the seed-stage transaction were not disclosed, Ripplr, which was founded in mid-2019, will use the proceeds to strengthen … Continue reading 3one4 Capital, Sprout Venture Partners back logistics and distribution startup Ripplr

Snowman Logistics announces opening of open offer on stake buy by Adani Logistics

— Snowman Logistics, which is being acquired by billionaire Gautam Adani’s logistics arm Adani Logistics, on Friday announced the opening of the open offer from February 18. The open offer for additional 26 per cent stake of over 4. 34 crore equity shares at Rs 44 a share, will close on March 4, Snowman said in an exchange filing. Snowman Logistics, which is being acquired … Continue reading Snowman Logistics announces opening of open offer on stake buy by Adani Logistics

Snowman Logistics announces opening of open offer on stake buy by Adani Logistics

— <meta content="https://www. News Stock Analysis, IPO, Mutual Funds, Bonds & More The open offer for additional 26 per cent stake of over 4.34 crore equity shares at Rs 44 a share, will close on March 4, Snowman said in an exchange filing. Last December, Adani Logistics (ALL) said it has signed a definitive agreement to acquire 40.25 per cent stake in Snowman Logistics from … Continue reading Snowman Logistics announces opening of open offer on stake buy by Adani Logistics

25 tonnes of Quran sent from Saudi Arabia to be auctioned on January 21 at Container Terminal in …

— Twenty-five tonnes of Quran will be auctioned at International Trans-shipment Container Terminal at Vallarpadom in Kerala’s Kochi after the importer said they are unable to pay the import duty to clear the consignment. The holy books believed to be printed in state-of-the-art presses abroad had been lying unclaimed in the Trans-shipment Container Terminal for the last six months. Read- ‘Kaafiron se azaadi’: Read what … Continue reading 25 tonnes of Quran sent from Saudi Arabia to be auctioned on January 21 at Container Terminal in …

CDC Group invests $57 mn in Cholamandalam Investment

— CDC Group Plc, the UK government’s development finance institution, has invested Rs 400 crore ($57 million) in Cholamandalam Investment and Finance Company Ltd through 10-year masala bonds. The non-banking financial company issued its maiden masala bonds or unsecured, subordinated, rupee-denominated bonds to raise Rs 400 crore Tier-II debt from the CDC group. In December last year, the financial services firm’s board approved the issuance … Continue reading CDC Group invests $57 mn in Cholamandalam Investment