Warehouses

NDR Group to add 4-5 million sq ft to InvIT, tap new markets

The company plans to do it through a right of first offer. It is targeting markets that are seeing rising demand, such as Odisha and the Northeast.

Amazon starts round of layoffs in AWS cloud division

Amazon Web Services personnel in the US, Canada and Costa Rica whose jobs were being eliminated were notified early Wednesday, the unit’s chief said in an email to staff.

Investcorp joins Global Funds in betting on Indian warehouses

Warehousing currently accounts for almost 16% of the Bahrain-based firm’s $350 million real estate portfolio in India, and it’s planning to boost that share in the coming year, according to Ritesh Vohra, the firm’s real estate head in the nation.

Expect custom, cargo movement clearances to start on ULIP platform in 2-3 quarters: TCI's Vineet Agarwal

TCI has already tested some of the application programming interfaces (APIs) available on ULIP.

MC Interview | We aim to diversify our business to generate a third of our revenue from non-road segment in the next five years: TCI MD Vineet Agarwal

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.

Unicommerce plans to add 800 warehouses this fiscal

The platform, currently, provides its warehousing management solutions to over 7,200 warehouses and managing more than 96 million stock-keeping units (SKUs) in various sectors, such as FMCG, beauty and wellness, fashion and accessories, and eyewear.

Warehouse business catches fire, boosted by pandemic, e-commerce

"It's been a tremendous struggle to find the appropriate location for clients," said Michael Schipper of Blau & Berg, a commercial real estate specialist in New Jersey and New York.

Industrial, warehousing space leasing up 35% in 2021; new supply rises 64%: Report

Among the major eight cities in India, Delhi-NCR led with the highest absorption in 2021 at 8.1 million square feet, followed by Pune at 6.5 million square feet.

Amazon India setting up 5 new warehouses

With the addition of these new facilities, Amazon will have 67 fulfilment centres (FCs) in 13 states, with a total storage capacity of over 20 million cubic feet, it said in a statement.

Analytics and robotics to bring next big leap in warehousing

E-commerce giants like Amazon are already using artificial intelligence in robots to meet the high volume retail warehouses

Amazon to go on hiring spree in the United States

Amazon.com Inc said on Thursday it plans a hiring spree for warehouses it is building across the United States, making it the latest company to tout US job creation since Donald Trump won the US presidential election in November.

Amazon to set up 5 new fulfilment centres in India by year-end

Amazon is on track to set up five new warehouses in the country by year-end, a move that will help the US-based giant deliver products faster as it battles local rivals like Flipkart and Snapdeal in the booming Indian e-commerce market.

Is GST a boon for FMCG sector or not? EY expert decodes

Reports suggest the FMCG sector contributes a significant USD 6.5 billion in direct and indirect taxes.

GST will lower product costs by 10-15%: TCI

Vineet Agarwal of Transport Corporation of India (TCI) says there was some improvement in demand during the festive season, but it fell almost immediately.

Export infra on mind, CommMin seeks Rs 300 cr from FinMin

The amount is proposed to be used this fiscal only to set testing laboratories, certification centres, warehouses, cold storages, convention centres and exhibition centres around ports.

Amul aims to clock Rs 50,000-cr turnover by 2020

RS Sodhi, managing director of Amul Dairy expects to clock a turnover of around Rs 24,000-25,000 crore by next year and Rs 50,000 crore by 2020.

Intel using robots to help you with smart devices

Inside Intel's small robotics lab in Santa Clara, Calif., engineers and computer scientists are working to ensure a better smartphone, tablet and laptop experience better by making the devices more responsive to touch

NSEL probe gathers momentum; EOW questions former CFO: Srcs

The probe into the beleaguered National Spot Exchange has gathered momentum as the economic offences wing is investigating multiple angles into the scam.

NSEL crisis: 5 defaulters promise to pay Rs 1,330 crore

Five defaulters out of the 19 defaulters in the NSEL crisis have promised to pay Rs 1,330 crore via collaterals. Meanwhile, civil and criminal proceedings have also been initiated against them.

NSEL fiasco: Taxman finds no stock at warehouses

The tax department had conducted surveys on 24 borrowers, all the warehouses and they found that no stock actually existed in these warehouses. In addition to this, there was no actual transaction and there no purchase actually took place and thus no tax liability holds in this case of transaction.