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|  Volvo Auto India to hike prices by up to 2% from April  |    |  CSL to raise INR 1,400-1,500 cr through IPO  |    |  PNC Infratech wins INR 2,720-cr highway projects from NHAI  |    |  Damietta port throughput in January increases 31% to 87,800 TEU  |    |  Global container traffic up 4% in Q4 2016, Port Klang growth leads top 20  |    |  Pawan Hans to start Dilli Darshan chopper rides at INR 2,500  |    |  Port of Virginia is gearing up to handle 13,000-TEU plus ships  |    |  Govt. approves INR 2,029 cr project for JNPT channel expansion  |    |  SpiceJet to fly Kolkata-Dhaka daily  |    |  Dilip Buildcon declared successful bidder for INR 3,269 cr road projects  |    |  Ashok Leyland eyes stronger presence in logistics industry  |    |  APL to launch new CS5 to boost intra-Asia service network  |    |  Ethiopian Airlines adds Ahmedabad to its air cargo services  |    |  IWAI raises INR 340 cr through infrastructure bonds  |    |  Rail freight corridor may lead to lower bidding for road projects  |    |  Move to hike Vallarpadam handling charges opposed  |    |  AirAsia India announces two new routes  |    |  UK port volumes drop 3% in 2016 to total 473.5 mt  |    |  Air India to launch direct flight from Amritsar to Birmingham  |    |  BlackBuck raises nearly INR 476 cr from Sands Capital and existing investors  |   
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Volvo Auto India to hike prices by up to 2% from April
Volvo Auto India will increase prices of vehicles across its model range by up to 2% from April. The increase is due to rise in input costs which affects all models sold in India, the company said in a statement. The company sells a range of luxury cars and SUVs, from the V40 hatchback to plug—in hybrid SUV XC90 Excellence, which are priced between INR 25.49 lakh and INR 1.25 crore. The company said t ...
Ashok Leyland eyes stronger presence in logistics industry
Ashok Leyland is looking to strengthen presence in the country's logistics sector that is estimated to touch USD 370 billion by 2020. The company is enhancing its range of fully built vehicles in order to tap the sector which is expected to grow at a CAGR of 16%. The Chennai-based firm, which is the second largest commercial vehicle manufacturer in the country, has around 45% share in the truck segment in t ...
IWAI raises INR 340 cr through infrastructure bonds
The Inland Waterways Authority of India (IWAI) has raised INR 340 crore through its maiden bond issue from the market. The fully serviced government of India bonds were privately placed with banks and financial institutions on March 1, 2017. The Finance Minister, in his Budget speech 2016-17, had announced mobilization of extra budgetary resources through issuance of bonds to support infrastructure projects. ...
Move to hike Vallarpadam handling charges opposed
The decision of DP World to hike terminal handling charges at Vallarpadam from April 1 has not gone down well with the Cochin Port Trust (ChPT). Maintaining that it would hurt the trade badly, the port management is of the view that volumes at Vallarpadam Terminal can grow only if competitive tariffs are ensured, especially when cargo from the secondary hinterland are targeted. The frequent increase in terminal ...
BlackBuck raises nearly INR 476 cr from Sands Capital and existing investors
BlackBuck, today announced it has raised USD 70 million (approximately INR 476 cr) in a Series C funding from Sands Capital and existing investors. The latest round of funding will be invested in building technology-led products for the freight industry to bring out efficiencies for, both, customers and truckers. The company said in a statement here, It will also use the funds to scale up operations. BlackBuck ...
Amazon sets sights on launching air cargo services in China
Amazon Logistics is targeting China-based sellers, who offer products through Amazon or other businesses, as potential customers for its international air freight offering. "We currently are developing (air freight) service, and plan to quickly introduce it to a large number of our sellers," Amazon Logistics' website said. The company already offers one-stop ocean freight services. Amazon Logistic ...
Parliamentary panel for regulator in container logistics space
The Department-related Parliamentary Standing Committee on Transport Tourism and Culture on Shipping Ministry has called for a high powered inter-ministerial group to take policy decisions on internal trade and a high-powered regulator for managing the entire area of container logistics. The committee stated in the report, “The entire container trade is being controlled by overseas MNCs resulting in high oper ...
Aviation sector to become part of Multi-Modal Logistics hubs
Road Transport and Highways & Shipping Minister Nitin Gadkari said that Aviation sector will now be a part of multi-modal logistics hubs in India to promote holistic logistics solutions. At present highways, ports, inland waterways and railways are part of the planned multi-modal logistics hubs in India. The new plan projects the logistics sector to grow to USD 360 billion by 2032 from the present USD 115 b ...
Govt. will launch an Integrated Transport and Logistics Policy
Road Transport and Highways & Shipping Minister Nitin Gadkari has said, the Government will launch an integrated transport and logistics policy aimed at increasing the average freight speed on highways to 50 kilometer (km) per hour and cutting costs by half. Gadkari added that “The plan includes construction of 50 economic corridors, 35 logistics parks and 10 intermodal stations at a cost of INR 5 lakh cr ...
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