He added that his company will look to spend around Rs 200-250 crore as capital expenditure in the next 12-18 months in its railway operations.
The aircraft has been designed by ST Engineering and Airbus under their joint venture, Elbe Flugzeugwerke (EFW).
Supply moderates; Developers postpone fresh supply in light of high input costs and are completing projects after seeking pre-commitments from occupiers
Net Sales are expected to increase by 28.9 percent Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 787.1 crore, according to ICICI Direct.
Net Sales are expected to increase by 22.3 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 1,068.1 crore, according to ICICI Direct.
Net Sales are expected to increase by 40.4 percent Y-o-Y (up 5 percent Q-o-Q) to Rs. 313.1 crore, according to ICICI Direct.
Net Sales are expected to increase by 11.5 percent Y-o-Y (down 1.3 percent Q-o-Q) to Rs. 2,015.9 crore, according to ICICI Direct.
Net Sales are expected to decrease by 0.5 percent Y-o-Y (up 17.9 percent Q-o-Q) to Rs. 4,533.8 crore, according to ICICI Direct.
This will be largely due to the debt-funded vehicle replacement capex induced by the upcoming scrappage policy, along with the rising interest rate regime, rating agency Icra said in the report on Thursday.
The political and economic uncertainties in Sri Lanka and congestion at Colombo port have created an opportunity for India to increase transshipment traffic in the country. And in order to take advantage of this opportunity, the Indian government should adopt digitisation to improve the efficiency of its ports and look to incentivise global shipping to set up base in India, Roeloffs said.
Since India banned private wheat exports on May 13, exporters have been using a registration process to apply for shipping out wheat that has already received Letters of Credit. Nearly 1.1 million tonnes of such stock currently await scrutiny at ports, and run the risk of being destroyed by monsoon rains in just a week from now.
Essar Ports said on Tuesday that its Vizag Terminal is expected to grow rapidly this fiscal year, with over 1.3 million metric tonnes of cargo handled in April.
According to a company release, Skye Air Mobility, a Delhi-based drone delivery logistics provider, unveiled its long-range drone called 'Artemis' on Tuesday, which is capable of carrying a payload of 6 kg up to a range of 100 km.
The joint venture -- MOVIN -- will be based out of Gurugram and have representation from both UPS and InterGlobe Enterprises.
The stock was already seeing muted volumes in the grey market after the IPO saw a dull response from retail and high net worth investors.
Based on the upper end of the price band, Delhivery IPO is being valued at roughly 6 times of its sales. Investor sentiment has turned sour in the past few months and the prevailing macro conditions do not support a bullish outlook for companies with such fancy valuations. Watch the video to know what MC Pro recommends
Dehlivery has a solid market position in the parcel delivery market and a strong record in identifying and solving the operating problems in a highly fragmented and unorganised market
While shipping something from place A to place B sounds easy, the reality is far more complex. It is essentially a relay race that involves multiple modes of transport, hubs, warehouses, and people
The company also said FM Logistic India has grown three times in both revenue and land space under its possession since its entry in the domestic market after acquiring Pune-based logistics firm Spear Logistics.
A leader in the logistics space, the company managed to keep its operations running even after the outbreak of the COVID-19 pandemic, with its digital platform helping render essential services even during the nationwide lockdown.
In 2017 before it was acquired by Walmart, Flipkart made its first attempt to tie up with third-parties for eKart.
Deals above 100,000 sq ft accounted for 80 percent of total leasing led by larger transactions from third-party logistics players and e-commerce companies.
"While Rivigo transformed how companies move consumer goods and other products around India, redBus refashioned the way people moved around the country."
Welspun One's Rs 900-crore Grade A facility is spread over 110 acres and enjoys connectivity to the Mumbai-Nashik National Highway (NH3), JNPT (Nhava Sheva) Port and Mumbai's International and domestic airport.
Net Sales are expected to increase by 4 percent Y-o-Y (down 9.4 percent Q-o-Q) to Rs. 1,012.9 crore, according to ICICI Direct.