Allcargo Logistics Aims to Slash Costs by ?30 Million in FY24

04 Jan 2024 CW Team

In a strategic move to enhance operational efficiency, Allcargo Logistics, a prominent player in the logistics sector, has announced ambitious plans to curtail costs by ?30 million during the fiscal year 2024. This cost-cutting initiative reflects the company's commitment to adapt to the evolving market dynamics and streamline its financial structure. The comprehensive plan encompasses various aspects of the logistics chain, including optimization of supply chain processes, resource management, and technological integration. Allcargo Logistics aims to leverage advanced technologies and data-driven solutions to achieve these cost reductions without compromising the quality and reliability of its services. The company's proactive approach to cost management is driven by a meticulous analysis of market trends, global economic conditions, and emerging challenges in the logistics industry. By implementing these cost-cutting measures, Allcargo Logistics anticipates not only bolstering its financial resilience but also staying ahead in the competitive landscape.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..