
Delhivery IPO: Issue opens for subscription; collects ₹2,347 crore from anchor investors
The IPO was subscribed 4% in early hours, with quota for retail investors and employees receiving 21%, and 3% bids, respectively.
The IPO was subscribed 4% in early hours, with quota for retail investors and employees receiving 21%, and 3% bids, respectively.
Mahindra Logistics expects a slower start to the year due to Ukraine crisis, and a pick up across segments in the later part of the year.
A SaaS logistics tech startup, Locus today counts conglomerates like Unilever and Tata Group among its clients.
Investment of ₹1 lakh in this multibagger stock at ₹3.15 apiece in February last year would have now turned into around ₹46 lakh.
India incurs the highest logistic cost (14%) in the world as a percentage of GDP in comparison to the likes of the US and Germany (8%-9%).
Most chief executives from the Indian corporate sector called the Union Budget 2022 a bold one, especially for continuing reforms.
FM Nirmala Sitharaman said that government targets to develop 100 cargo terminals for multimodal logistics facilities over the next three years.
Indian logistics industry is set to undergo a transformative shift with the operationalisation of dedicated freight corridors across western and eastern geographies, says Jakob Friis Sorensen.
The recent crisis at the Suez Canal has thrown up questions about the viability of our existing supply chain networks. To stop the crisis from repeating again, these networks need to be revamped.
Being profitable since inception, Shipyaari is likely to see continued growth in this market and currently looking to raise pre-series A funding in 2021.