Amazon said on Tuesday that it had begun its delivery service in Gajoli, a rural village in Uttarkashi district, Uttarakhand. According to the firm, it is the first and only e-commerce company to transport items to the Maharishi Ashram in Gajoli, which sits at 4,500 feet in the Himalayan mountains. There are no businesses or delivery […]
H&M on Friday said that it plans to close down more than a quarter of its stores and lay off as many as 588 workers in Spain, Reuters reported. The company will lay off employees for undisclosed organisational, productive, and economic reasons, according to a joint statement from unions CCOO and UGT. H&M operates 91 […]
Mahindra Logistics (MLL) has revealed that the construction of a warehousing facility in Phaltan, Maharashtra, with an investment of Rs 170 crore. The strategic move aims to cater to the rising demand in the region, particularly within the automotive and manufacturing sectors. Spanning 6.5 lakh square feet, the facility will be built in two phases. […]
Demand for industrial and logistics spaces reached an all-time high in eight major cities last year, with leasing activity increasing by 8 per cent yearly, according to CBRE. According to CBRE’s most recent study, leasing of industrial and logistics spaces increased to 38.8 million square feet in 2023 from 36 million square feet the previous year, […]
A look into the headlines that caught the reader’s interest most in the year gone. India’s Ecommerce Logistics Market All Set To Witness Exponential Growth India’s logistics sector has emerged as a market differentiator, with an increasing emphasis on efficiency and visibility within the supply chain. Recently, India made significant progress on the World Bank’s […]
Flipkart Internet, the marketplace arm of ecommerce major Flipkart has reported a Rs 14,845 crore growth in its operating revenue by 42 per cent for the financial year 2023. The company’s loss narrowed by 9 per cent to Rs 4,026 crore, according to a media report on Thursday. The firm’s operating revenue in 2022 stood […]
The year 2023 has proven to be a pivotal and transformative period for India’s ecommerce sector, marked by noteworthy shifts in consumer dynamics, technological innovations, and regulatory frameworks. As the industry reflects on the past year, key players across various domains within the e-commerce landscape unveil critical insights into the transformative trends that have defined […]
Zomato’s shares opened higher on 22 December, a day after CEO Deepinder Goyal denied reports of the company planning to acquire Shiprocket for USD 2 billion. Goyal stated in a post on X (formerly Twitter), “We have noticed that there are certain news articles circulating in the mainstream media with the subject ‘Zomato offers to […]
Overall logistics costs in India are in the range of 7.8-8.9 per cent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday. The central government has been working to reduce the overall logistics costs and enhance the competitiveness of […]
Indian ecommerce exports are likely to touch USD 200 billion in the next 6-7 years and will play a critical role in achieving the USD 2 trillion goods and services export target, a senior Directorate General of Foreign Trade (DGFT) official said here on Friday. Addressing the ‘FICCI E-commerce Exports’ conference, Additional Secretary and DGFT […]
