Interconnectedness and agility in infrastructure development – Key enablers of an efficient logistics ecosystem
India has jumped six places on the World Bank’s 7th edition of Logistics Performance Index (LPI 2023) to rank 38th among 139 countries. India was ranked 44th in 2018 and 54th in 2014 on the LPI. The steady improvement in India’s ranking on the World Bank’s LPI is a significant development and underlines the positive […]
Shiprocket partners with Skye Air for drone delivery
Shiprocket has announced its collaboration with Skye Air to introduce a capability to deliver shipments via drones.”As the first-of-its-kind offering in India, this transformative alliance showcases Shiprocket& unwavering commitment to pushing the boundaries of technology to bring better solutions to its sellers and customers," reads the release. The partnership enables faster order fulfilment within urban […]
Technical Breakout: Pidilite Industries, Mahindra Logistics among 5 stocks which crossed 100-day SMA
The crossing of the 100-day SMA by these companies reflects their resilience and potential for future growth, making them noteworthy contenders in the stock market landscape. Among the noteworthy achievers were GMM Pfaudler, Laxmi Organic Industries, Rain Industries, Mahindra Logistics, and Pidilite Industries, demonstrating resilience and optimism within the stock market on this day.
Macrotech Developers eyes Rs 12k-cr sales revenue from 5 land parcels in MMR, Bengaluru
Realty firm Macrotech Developers Ltd has acquired five land parcels in Mumbai region andBengaluru during April-June quarter to develop housing projects with a revenue potential of Rs 12,000 crore. Macrotech Developers MD and CEO Abhishek Lodha said the company has added new projects worth Rs 12,000 crore in the first quarter of this fiscal year […]
Corporate actions this week: L&T, Maruti Suzuki to go ex- dividend, Piramal Pharma right issue and more
There are a host of corporate actions scheduled for this week. L&T, Crisil, Coforge, Maruti Suzuki and Kotak Mahindra Bank will trade ex-dividend, while Piramal Pharma's rights issue’s ex-date is fixed this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is […]
Mahindra Logistics posts net loss of Rs 8.30 crore in Q1FY24, revenue up 7.8%
Mahindra Logistics on Monday reported a net loss of Rs 8.30 crore during the fiscal first quarter of financial year 2023-24 as against a profit of Rs 13.64 crore during the same period last year. It posted revenue from operations at Rs 1,293.22 crore, up 7.8 per cent in comparison to Rs 1,199.90 crore during […]
