FedEx Express launches Hyderabad Innovation Hub with $100 mn investment

Union Budget 2024-25: Opinions

Some key highlights related to cement and the building material Industry are:

# Government to launch a scheme to help deserving sections of the middle class living in rented houses or slums or chawls and unauthorised colonies to buy or build their own houses - Likely positive for cement and building material.

# Capex outlay for next year increased by 11.1 per cent to Rs 11.11 tn i.e. 3.4 per cent of GDP – Infrastructure development remains in focus.

# Three major economic railway corridor programmes will be implemented. These are

a) energy, mineral and cement c..

India probes global delivery giants for alleged collusion on discounts

India's competition regulator is currently scrutinising the local branches of global delivery giants, including Germany's DHL, US based United Parcel Service (UPS), and FedEx, over suspected collusion on discounts and tariffs, according to documents reviewed by Reuters. This investigation is part of a broader trend in the logistics industry facing regulatory scrutiny, with some cases dating back to 2015 when France imposed fines totalling $735 million on companies, including FedEx and DHL, for clandestine collaboration to raise prices.

The Competition Commission of India (CCI) has ini..

CONCOR to Transport FMCG Cargo to Boost Domestic Market Share

The Container Corporation of India Ltd, a state-run navratna company, is set to transport fast-moving consumer goods (FMCG) cargo in an effort to increase its domestic market share. This move involves competing with and diverting a portion of the consumer durables business, primarily transported by road. Over the past two years, CONCOR has experienced a growth in domestic market share of approximately 25 percent.

To facilitate this strategy, CONCOR has introduced 12 feet high containers, addressing the "load ability constraints" associated with standard 20 feet containers. This innovati..

KSH Logistics Expands Chennai Facility

KSH Logistics, a prominent player in the logistics and warehousing sector, has announced a significant expansion of its operations in Chennai. The company has augmented its multi-client facility, increasing its total capacity to a substantial 25,000 square feet. This expansion marks a strategic move by KSH Logistics to bolster its presence and enhance its service offerings in the vibrant logistics landscape of Chennai.

Chennai, often hailed as the 'Gateway to South India,' holds immense significance as a logistics hub due to its strategic location and robust infrastructure. With an aim..

AP Moller Capital targets stake in Pristine Logistics & Infraprojects

Denmark-headquartered Infrastructure fund manager A.P. M?ller Capital P/S, which is a part of the A.P. Moller Group, is among the entities interested in purchasing the stake currently held by private equity firm Global Infrastructure Partners in Pristine Logistics & Infraprojects, a logistics firm with a focus on railways. Global Infrastructure Partners, which was acquired by asset management giant BlackRock for $12.5 billion in a global deal earlier this year, currently holds a 57 per cent stake in Pristine Logistics & Infraprojects.

The private equity firm intends to exit its invest..