MODEL CITY LOGISTICS PLANS
Bhavish Aggarwal pledges 1.1% stake in Ola Electric to support AI startup Krutrim AI
Aggarwal holds a 30.02% stake (132.3 crore shares) in Ola Electric. Of this, he has pledged 4.8 crore equity shares, valued at about Rs 451 crore, based on the share price of the electric two-wheeler maker¡¯s closing price of Rs 93.26 on Monday.
Warewitt Investment Trust to raise Rs 500 crore warehousing fund
Warewitt Investment Trust has received SEBI approval for its Rs 500 crore Category II AIF focused on industrial and warehousing sectors. The fund aims to leverage the growth potential in Tier II and Tier III cities.
Delhi's winter peak power demand also expected to break record, likely to surpass 6300 MW
Delhi anticipates record-breaking winter power demand, exceeding 6300 MW, following a historic summer peak. BSES discoms are implementing strategic power planning and utilizing over 2000 MW of renewable energy to meet the increased demand and ensure reliable power supply to over 50 lakh consumers.
Ola Electric shares jump 20% on new scooter launches, Citi's 'Buy' rating
India's gig economy workers and cost-conscious consumers are the target for the two new electric scooter models¡ªthe S1 Z and Gig. The stock's rise was further driven by global brokerage firm Citi initiating coverage on Ola Electric with a 'Buy' rating and a target price of Rs 90.
Ecommerce in competition with quick commerce
Many prominent ecommerce firms like Flipkart, Nykaa, Myntra and FirstCry have increased their offering of same-day deliveries in metros and teir-1 cities. Even as brands are approaching quick commerce platforms for fast deliveries, they working with third-party logistics firms and trying out their own quick delivery models.
TVS Industrial & Logistics Parks expands into eastern India with new facility in Siliguri
TVS Industrial & Logistics Parks (TVS ILP) has acquired a 1.40 lakh sq ft industrial facility in Siliguri, West Bengal, marking its entry into the eastern Indian market. This strategic move targets the growing demand for high-quality logistics infrastructure in the region, serving as a gateway to Northeast India and facilitating cross-border trade.
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Planning to visit the Maha Kumbh Mela 2025? Here's how to book your accommodation at the world's largest religious gathering
The Maha Kumbh Mela 2025, commencing 13 January in Prayagraj, will welcome millions of pilgrims for a spiritual journey. Ensuring a comfortable stay is crucial for attendees. From luxury tents in IRCTC¡¯s Tent City to homestays via Mahakumbh.in, various options suit all budgets. This guide explains the booking process, highlights unique experiences like cultural tours, and details services like transport and security.
About 7% workforce growth expected in October-March FY25 driven by logistics, ecommerce: report
Indian employment is projected to grow 7.1% between October 2024 and March 2025, with 59% of employers planning to hire. Logistics, EV, and e-commerce sectors will lead this growth, fueled by technological advancements and government initiatives. Emerging cities like Coimbatore and Gurugram are becoming new job hubs, alongside established centers like Bengaluru and Mumbai.
About 7 pc workforce growth expected in H2 driven by logistics, e-comm: Report
Indian employment is projected to grow 7.1% in the upcoming fiscal half-year, fueled by logistics, e-commerce, and manufacturing. These sectors are benefiting from technological advancements and policy initiatives. Growth is spreading beyond major metros, with cities like Coimbatore and Gurugram emerging as new job hubs.
Logistics, EV & EV infra, agriculture & agrochemicals, e-commerce to lead workforce expansion
India's job market is expected to grow. The workforce may increase by 7.1% in late 2024 and early 2025. Logistics, electric vehicles, and tech startups are hiring. Cities like Bengaluru and Mumbai remain job hubs, but Coimbatore and Gurgaon are emerging. Companies need workers with problem-solving and tech skills. Cloud computing and automation are changing how people work.
After Sean Diddy, this US rapper sued for sexually assaulting, strangling a model. Details of shocking lawsuit are out
Famous rapper Ye, earlier known as Kanye West, has been accused of sexual assault in a civil lawsuit that alleges he strangled a model on the set of a music video. The lawsuit alleges that Kanye West assaulted the model in a manner similar to pornographic gagging/deep throat/BDSM fetishes. The rapper is yet to respond to the allegations.
Allcargo to set up Rs 115-crore logistics park in Haryana
Allcargo Terminals Limited is investing Rs 115 crore to develop a multimodal logistics park in Farrukhnagar, Haryana. The park, a partnership with Haryana Orbital Rail Corporation Limited, is part of a larger Rs 6,000 crore initiative. This project will enhance freight connectivity and foster new industrial zones, boosting the region's economic growth.
Model city logistics plans for Bengaluru & Delhi finalised to improve freight efficiency
The DPIIT finalised model city logistics plans for Delhi and Bengaluru. The plans aim to improve urban freight efficiency and reduce logistics costs. The plans were developed with support from the Delhi and Karnataka governments. They are based on international best practices and provide guidelines for other Indian cities.
DPIIT finalises model city logistics plans for Delhi, Bengaluru to enhance urban freight efficiency
India developed model city logistics plans for Delhi and Bengaluru. The plans aim to enhance urban freight efficiency and reduce logistics costs. The initiative drew inspiration from international best practices, particularly from Japan and European countries. The plans aim to address congestion, pollution, and logistics costs.
Qcomm logistics enabler Blitz raises Rs 51 crore from IvyCap Ventures, others
Blitz, an Indian tech-driven quick commerce logistics company, secured Rs 51 crore in series A funding. The round was led by IvyCap Ventures, with participation from existing investors and angel investors. Blitz will use the funds to enhance its 60-minute delivery infrastructure and expand its dark store network to India's top 20 cities.
Shiprocket launches Copilot to help MSMEs become self-reliant in fast-paced ecommerce landscape
The new tool leverages generative AI to give data-driven insights to ecommerce queries, optimising decision-making and improving customer experience for MSMEs.
Zinka Logistics IPO Day 2: GMP, Price Band, Subscription, Key Dates and Review
Zinka Logistics IPO GMP Today (Blackbuck IPO): Zinka Logistics' IPO, aiming to raise over Rs 1100 crore, received a 24% subscription on its first day, driven by retail investors. The IPO, priced at Rs 259-273 per share, closes on November 18, with listing scheduled for November 21.
Macrotech Developers to buy out Bain Capital¡¯s stake in 3 joint entities
Lodha, or Macrotech Developers, is acquiring Bain Capital's stake in three digital infrastructure entities for Rs 307 crore. This follows Lodha's acquisition of Ivanhoe's stake in September. These acquisitions align with Lodha's strategy to grow its annuity income through digital infrastructure, including logistics and industrial parks.
Alta Capital buys IndoSpace¡¯s 2.5 million sq ft warehousing assets for Rs 840 cr
Alta Capital has acquired over 2.5 million sq ft of logistics assets from IndoSpace for over $100 million. The deal includes grade A assets in Pune and Chennai and expands Alta Capital's logistics portfolio to 11 million sq ft across India. The acquisition aligns with Alta Capital's recent establishment of LogiCap, a platform dedicated to housing its warehousing and logistics assets.
Hero MotoCorp looks to scale up EV business, lines up new models
Hero MotoCorp will launch affordable electric two-wheelers in the coming months. The company will expand to European markets like the UK, France, Spain and Italy next year. Hero MotoCorp will offer its electric scooter - VIDA Z and premium internal combustion engine motorcycles in these markets. The company reported a 13 percent rise in sales during the recent festive period in India.
Rhenus Group aims to reach 5 mn sqft of warehousing space in India by 2026: Tobias Martin Bartz, CEO, Rhenus Group
Rhenus¡¯ product portfolio in India is comprehensive, spanning air and ocean freight, warehousing, customs clearance, and specialized 4PL solutions, all designed to provide complete supply chain visibility, says Tobias Martin Bartz, CEO, Rhenus Group
Exam panel recommends digital platform, hybrid model for entrance tests
A seven-member panel recommended a digital exam platform, hybrid testing model, and the development of 1,000 reputed government institutions as testing centres for exam reforms. The panel also suggested multi-level NEET testing and an oversight mechanism for coaching centres. Major revamping of the National Testing Agency and cheating prevention measures are also part of the recommendations.
TVS Industrial & Logistics Parks to set up Rs 200-crore facility in MP
TVS Industrial & Logistics Parks will invest Rs 200 crore to set up a new facility in Pithampur, Madhya Pradesh. The 20-acre logistics park, located near Indore, aims to cater to the region's demand for quality warehousing. This project is expected to generate employment for over 1,000 people and improve logistics efficiency.
UP government approves 'New Noida' plan that will have Japanese and Korean cities, Olympic Park
New Noida Master Plan: The UP government has approved plans for Noida and YEIDA, to expand New Noida and the aviation hub around Noida airport in the next 15 years. The plans involve land acquisition from various villages, development of residential, industrial, and green spaces, and establishment of aviation-related industries, with population expansions expected.
In maze of 400 indices, one index which better indicates what is likely to happen to the economy & should be watched before Nifty
On Thursday, it was auto stocks that led the market¡¯s decline. Why is this worth taking note of? Because auto stocks, especially those that make HCVs and LCVs, give an early indication of how things are panning out in the economy. The reason is simple. When goods are produced, they have to be transported. So, the more the goods, the greater the need to transport them ¨C pushing sales of HCV/LCVs. Now, look at the composition of the Nifty and Sensex. Does it give a real picture of the economy? IT and financial services dominate the weightages. IT is more representative of what is happening in the US economy. And financial services, though an important part of the economy, is still a lagging indicator rather than a leading indicator. Which then is the index one should look at to figure out what is happening on the ground? No, it is not an auto index. It is something else.
State ports plan a sea change in capacity, submit Rs 2 lakh cr expansion proposals to Centre
State government-controlled ports in India plan to invest over Rs 2 lakh crore to expand cargo handling capacity to 10,000 million tonnes annually by 2047. Gujarat aims to develop integrated port cities with Rs 1.5 lakh crore, while Andhra Pradesh plans Rs 50,000 crore investment by 2050, enhancing their existing and new port infrastructure.
Paradox Museum plans experiential centres in more Indian cities
The museum offers an immersive experience through optical illusions, featuring 55 paradox-themed exhibits and 15 immersive rooms. The company has already launched its first centre in Mumbai and is planning to expand to Hyderabad, Bengaluru, Chennai and the Delhi-NCR region within the next few years. Before launching in Mumbai, the company opened a centre in London.
Transforming India's industrial landscape through smart cities
India's National Industrial Corridor Development Programme aims to establish 12 industrial smart cities along the Golden Quadrilateral. This initiative is expected to generate significant employment and attract global investors, enhancing India's role in global value chains. The focus on sustainable development and strategic location underscores its commitment to balanced regional growth.
Tesla plans six-seat Model Y, production slated for 2025 in China, sources say
Tesla plans to produce a six-seat version of its Model Y in China by late 2025, seeking to enhance its appeal in the competitive electric vehicle market. The Shanghai factory is preparing for a production boost despite awaiting expansion approval. This move comes as domestic rivals introduce competitive models with roomier interiors at lower prices.
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