Morgan Stanley, Citigroup Global Markets Singapore and six other entities on Thursday bought a 1.6 per cent stake in logistics solution provider Delhivery for Rs 461 crore through open market transactions. Besides, HDFC Mutual Fund (MF), Axis MF, Tata MF, ASK Asset & Wealth Management, Hill Fort Capital and Hong-Kong-based investment manager Viridian AM purchased … Read more
As the long-awaited India-UK Free Trade Agreement edges closer to finalisation, optimism is running high across key industries. Kim Lalli, Partner at international law firm Charles Russell Speechlys and head of its India Desk, calls the FTA a “game-changer” that is poised to unlock vast opportunities for cross-border collaboration. In an exclusive interaction on ETMarkets … Read more
New Delhi: Multinational tech-services provider Lytus Technologies has completed the acquisition of AI-driven blood component management and logistics platform, Blodin. While the cost of the acquisition has not been disclosed, the company stated that the deal is financed through the ₹1,000 crore corpus set aside to expand its digital ecosystem and scale operations through both … Read more
New Delhi: India’s logistics cost will come down to 9 per cent of GDP by April next year, Union Minister Nitin Gadkari said on Thursday. Addressing an event here, Gadkari further said the country’s exports will also increase when the logistics cost comes down to single digit. “Our logistics cost now is 16 per cent…It … Read more
Rohan Verma, CEO & ED, MapMyIndia, says like there is UPI for payments or Aadhaar for people identification, the ULPIN or the MapMyIndia equivalent or linked ID called Mappls Pin can provide capabilities to reduce court disputes on land ownership, and provide economic empowerment or financial inclusion for everybody as well as proper city and … Read more
T.N. CM handing over offer letters to youngsters from under the ‘Naan Mudhalvan’ government scheme, selected for internships at UPS | Photo Credit: Special Arrangement United Parcel Service, popularly known as UPS across the globe, whose first technology centre in India was inaugurated in Chennai by Chief Minister M. K. Stalin on Monday, intends to … Read more
Most analysts and experts are predicting the government would go heavy on infrastructure in the upcoming Budget to drive the overall growth of the economy. “We believe the government might prefer to increase spending on infrastructure which could have a multiplier effect on the economy,” Umang Papneja, CEO, Julius Baer India, told ET Markets. Money … Read more
Oil prices rose in light trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil. Brent crude was up 73 cents, or 0.9%, at $84.65 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $80.41 a barrel, up … Read more
Mumbai: High-risk takers looking to bet on a thematic domestic consumption story could make a lump sum allocation to transportation and logistics funds. Asset managers believe the current market presents a good entry point as the auto sector is at a cyclical bottom and is expected to post the highest earnings growth among peers as … Read more
Indian exporters of leather goods, garments and carpets have begun to witness a fall in orders from Europe, requests to push deliveries by a few weeks, and queries related to various restrictions being put in place to control the rapidly rising cases of the Omicron variant of Covid-19 in the country. Likely manpower crunch, especially … Read more