Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility, has achieved its highest ever monthly cargo throughput by handling 37 million metric tonnes (MMT) of cargo in October 2023. This represents a stellar 48% growth compared to October last year. This is the first time that APSEZ’s portfolio of ports across […]
After months of sluggish growth, India’s logistics industry finally saw some brighter signs in August with key indicators pointing to an uptick in activity. According to a report by Nuvama Institutional Equities, generation of e-way bills, an important gauge of domestic trade, rose 19% year-on-year in August to cross its previous all-time high. Breaking it […]
RattanIndia, a company focused on next-generation and disruptive businesses and led by Indiabulls founder Rajiv Rattan, said it expects to benefit from the new drone rules announced by the government this week. Government of India had, earlier this week, announced several far-reaching regulatory changes aimed at allowing people to use drones or unmanned aerial vehicles […]
GATI, one of India’s largest parcel and logistics companies, reported a 6% decline in its operating revenue for the July-September period, and blamed an ‘abrupt slowdown’ in certain segments of e-commerce. The company was able to bring down expenses, including non-cash items, by only about 3.1%. As a result, the company also swung to a […]
Gateway Distriparks Ltd, Mumbai-based logistics company, distanced itself from bankrupt lender Infrastructure Leasing and Financial Services Limited (IL&FS) and IL&FS Financial Services Ltd (IFIN). Responding to media reports, the company said there are no transactions between itself or its subsidiaries with IL&FS or IL&FS Financial Services. However, it said there is a transaction between Prism, […]
Cloud-based software vendor Ramco Systems’ said it won a multi-million dollar order from Philippines-based logistics and money transfer company LBC Express, a year after getting its first order from the company. The first order was to deploy a cloud-based HR management system, while the latest order is in the nature of ERP deployment to manage […]
US-based G&D Integrated has decided to implement Ramco Systems’ logistics suite, the Chennai-based provider of cloud software said. The Illinois-based logistics provider has 1,000 employees at over 20 facilities across North America and represents the first logistics client for the company in the US. Ramco Systems will implement its comprehensive Logistics ERP Suite covering Finance […]
Ramco Systems Ltd. said it secured a 7.3 million euro order from Schenker AG for implementing its Ramco HCM & Payroll software. Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company. DB Logistics offers land, sea, and air transport and contract logistics. Rail transport within DB Logistics […]
Transport Corporation of India reported a revenue growth of 7.8% and said the company is expecting to deliver double-digit profit and revenue growth this year in the wake of the introduction of the Goods and Services Tax. The GST, which simplifies the sales tax regime in India, is expected to give a major boost to interstate commerce, […]
