MUMBAI : Integrated logistics solutions provider Allcargo Logistics saw a decline both in sales and in net profit in the October-December 2022 quarter. The company’s sales dropped 26.80 percent on-year to Rs 4,099.02 crore, while its
NAGPUR : In an unbelievable development, a goods train carrying about 90 containers from Nagpur to Mumbai has reportedly gone ‘missing’, a report in The Hitavada said. According to the report, the train, which
HYDERABAD : Amazon has launched its dedicated cargo airline, Amazon Air, in India, the first in the region and the first partnership in the country between an e-commerce company and a third-party air carrier. The new bright
BREMEN : The owner-managed logistics company Röhlig Logistics has significantly increased its earnings in 2022, based on preliminary business figures. Philip W. Herwig, Managing Partner at Röhlig Logistics, explains, “2022 is the most successful
NEW DELHI : Some Indian exporters are stepping up hedges of their future euro receipts on bets of limited upside to the rupee after the common currency’s recent rally, analysts said. The EUR/INR pair
NEW DELHI : Indonesia’s plans to restrict palm oil exports are unlikely to create a shortage in top consuming market India, where stocks have risen to a record high following aggressive imports in the
NEW DELHI : The Directorate of Revenue Intelligence (DRI) celebrated its 65th Founding Day on 5th December 2022 in an Inaugural Function held in New Delhi. This was stated by Union Minister of State for Finance
NEW DELHI : The Minister for Development of North Eastern Region Shri G. Kishan Reddy in the Lok Sabha in a written reply informed that several infrastructure development projects inter alia for increasing road
SHANGHAI : Shipping and logistics company Maersk held a groundbreaking ceremony on Tuesday for its 1-billion-yuan ($150 million) integrated logistics warehouse project in Shanghai, as the company puts more emphasis on the booming Chinese market.
SEOUL : South Korea’s HMM is ordering nine 9,000 TEUs capacity boxships with methanol dual-fuelled engines from two South Korean yards. The orders worth a total of $1.12bn are split with seven newbuilds at
