EICI Releases White Paper to Guide Seamless Integration of ECCS into India's New Customs Integrated System
The Express Industry Council of India (EICI), the apex industry association representing leading international and domestic express companies in India, has released an insightful White Paper in association with the Bureau of Research on Industry and Economic Fundamentals (BRIEF), a research-based policy think tank. The White Paper, titled 'The Future of Express Cargo Clearance in India - ECCS in the New Customs Integrated System', underscores the need to ensure the smooth integration of processes and preserve the strengths of the existing Express Cargo Clearance System (ECCS) as it is proposed..
REC FY25 Reports Rs 157.13 Billion Profit; Dividend at Rs 2.60/Share
REC Limited reported a standalone net profit of Rs 157.13 billion for the financial year ended March 31, 2025, up 12% from Rs 140.19 billion in the previous fiscal. The growth was supported by strong performance across business verticals, the resetting of interest rates on loan assets, and efficient finance cost management, helping the company maintain its spreads and net interest margins (NIM).For FY25, disbursements stood at Rs 1,911.85 billion compared to Rs 1,614.62 billion in FY24, marking an 18% increase. Net interest income rose 27% year-on-year to Rs 198.78 billion from Rs 156.85 billi..
GreenLine Launches New Fleet of LNG-powered Trucks
GreenLine Mobility Solutions, an Essar venture and India’s only green logistics operator using LNG and electric-powered heavy commercial trucks, announced that it had launched a new fleet of LNG-powered trucks at Chakan, Pune. The deployment has been supported by Shriram Finance, one of the country’s largest non-banking financial companies and the flagship of the Shriram Group. Anand Mimani, CEO of GreenLine Mobility, stated that the fleet expansion, backed by Shriram Finance, marked a significant step in transforming India’s logistics landscape with sustainable and high-performance ..
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