Port Giant Enters Freight to Challenge Global Logistics Firms
India’s largest private port operator is rapidly evolving from a port-centric business into a comprehensive logistics powerhouse, marking its formal entry into the international freight forwarding sector. This strategic shift is set to redefine cargo movement across India and position the company as a formidable rival to the global logistics multinationals that have long dominated the industry.With a commanding 45.5 per cent share in container handling at Indian ports, and a substantial presence across warehousing, rail freight, trucking, and air cargo, the group’s logistics arm has launch..
Antfin to Sell 4% Paytm Stake for Rs 20.65 Bn
China’s Alibaba Group is set to pare down its stake in One 97 Communications, the parent company of Paytm, through an open market sale scheduled for Tuesday.According to sources, Antfin Netherlands Holding BV—an affiliate of Alibaba-backed Ant Group—will offload 26 million shares, representing roughly 4 per cent equity in the Indian fintech firm.The floor price for the sale is pegged at Rs 809.75 per share, reflecting a 6.5 per cent discount to Monday’s closing price of Rs 866.35 on the BSE. At this minimum price, the sale is expected to generate around Rs 20.65 billion for the Chinese..
Marol’s Industrial Plot Transforms into Cooling Urban Forest
A 3.5-acre industrial plot in Marol, Mumbai, has undergone a dramatic transformation into a thriving urban forest, reducing local temperatures by up to 4°C. Once a sparse, sunbaked zone in the city's industrial heartland, the site now serves as a model for climate-resilient development.The Mahatapasvi Acharya Shri Mahashramanji Garden is the result of collaboration between the Brihanmumbai Municipal Corporation (BMC), local industry stakeholders, and ecological design experts. Developed under the District Planning and Development Committee, the initiative showcases how adaptive reuse of urban..
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