The logistics and supply chain solutions provider does not foresee any major impact from headwinds in India’s exports and e-commerce segments.
TCI has already tested some of the application programming interfaces (APIs) available on ULIP.
Agarwal said that his company plans to invest Rs 200-250 crore as capital expenditure to boost capacity of its non-road assets in the next four years. Most of that will be used to acquire new ships, containers and working assets, and for the construction of warehouses.
In an interview to CNBC-TV18, Vineet Agarwal, MD of Transport Corporation of India said that dividend income from group companies aided other income.
RC Bhargava, Chairman of Maruti Suzuki, said that the GST is a good move, but the focus should be on implementing it once the legislation is passed. Legislation on paper won‘t be good unless there is implementation, he said.
The government has expressed hope that the GST Bill, which is held up in the Rajya Sabha, will be passed in the upcoming Budget session of Parliament.
Transport Corporation of India(TCI) had reported a net profit of Rs 21.37 crore for the second quarter of the last fiscal. However, total revenue was almost flat at Rs 562.16 crore during the July-September quarter.
Mind The GAAP7: Tax Accounting Stds
Agarwal sees a 5-10 percent volume growth for this quarter, as the festive season has been pushed back a little
Vineet Agarwal, MD, Transport Corporation of India, discusses company's performance for the fourth quarter and future outlook.
Vineet Agarwal, MD of Transport Corporation of India expects the supply chain business to grow at around 20 percent in FY15. He has a positive outlook for FY16.
On account of GDP revival, freight sector has witnessed growth, while core sectors like engineering goods are yet to see recovery, says Vineet Agarwal, MD, Transport Corporation of India.
Vineet Agarwal, managing director, Transport Corporation of India (TCI) says the company's bottomline has seen some improvement year-on-year because of certain cost optimization measures.
For FY14, Vineet Agarwal, MD, Transport Corporation of India sees the company‘s topline growing at 10% and bottomline at about 10-15%.
Vineet Agarwal, MD, Transport Corporation of India (TCI) sees a little bit of uptick on the consumer demand side, and so expects topline for the company in the range of 10-15 percent.
Vineet Agarwal, President, Wipro Consumer said the second quarter has been a good one for the company and they have crossed Rs 1000 crore in its quarterly revenue.
By Vineet Agarwal, Joint Managing Director, Transport Corporation of India