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India key to DHL's global growth as Blue Dart scales up operations, says DHL eCommerce CEO - The Economic Times

Economic Times

Economic Times · 11h ago

India key to DHL's global growth as Blue Dart scales up operations, says DHL eCommerce CEO - The Economic Times

DHL eCommerce CEO Pablo Ciano emphasized India's importance for DHL's global growth, focusing on Blue Dart's expansion and digital transformation. A multi-year, $250 million investment plan aims to upgrade Blue Dart's ground hubs and delivery centers, emphasizing automation and digitalization. Blue Dart operates 2,200 delivery centers in India, handling 1.5 million shipments daily. Recent infrastructure developments and an enhanced air network support ecommerce growth. India's logistics consolidation and emerging manufacturing role are seen as market strengths.

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Xpressbees appoints former Blinkit executive Mohit Sardana as CEO of B2C vertical - The Economic Times

Economic Times

Economic Times · 1m ago

Xpressbees appoints former Blinkit executive Mohit Sardana as CEO of B2C vertical - The Economic Times

Xpressbees, a third-party logistics company, has appointed Mohit Sardana as the CEO of its business-to-consumer (B2C) vertical. Previously, Sardana was part of Blinkit's leadership, handling operations, and served as the chief operations officer at Zomato. Xpressbees, originally the logistics arm of FirstCry, was spun out in 2015 and competes with companies like Delhivery and Blue Dart. Founded by Amitava Saha and Supam Maheshwari, it receives support from major investors.

Blue Dart begins drone deliveries in partnership with Skye Air

Inshorts · 1y ago

Blue Dart begins drone deliveries in partnership with Skye Air

Blue Dart on Friday said that it has commenced drone deliveries in partnership with homegrown drone maker Skye Air. In a statement, Blue Dart said that it will initially focus on ecommerce deliveries and will deploy drones to offer last-mile services, although it did not specify the cities where the service will be operational.

'Logistics sector shows signs of growth in Q3FY24, volume growth to set pace'

Livemint

Livemint · 1y ago

'Logistics sector shows signs of growth in Q3FY24, volume growth to set pace'

In its Q3FY24 preview report, brokerage Nuvama Institutional Equities highlighted that the logistics sector is showing signs of growth in the second half of FY23. Volume growth, rather than pricing, will be the key driver. Blue Dart Express is the top choice for the brokerage, with expectations of stable margins and continued re-rating. The report also noted positive trends in e-way bill generation and freight rates, indicating profitability for truckers. Express players, including Delhivery and Blue Dart Express, are expected to experience volume improvements. Container rail data, particularly on the EXIM side, also showed some recovery.

Jeff Bezos spoke to Trump as he tries to seeks more government contracts for Blue Origin: Report - The Economic Times

Economic Times

Economic Times · 3m ago

Jeff Bezos spoke to Trump as he tries to seeks more government contracts for Blue Origin: Report - The Economic Times

Jeff Bezos, founder of Blue Origin, reportedly spoke with US President Donald Trump twice, aiming to secure more government contracts amid a feud between SpaceX's Elon Musk and Trump, according to the Wall Street Journal. Blue Origin CEO Dave Limp also visited the White House, meeting with Trump's chief of staff. The effort appears to be part of Blue Origin's strategy to capitalize on tensions and increase its stake in government aerospace contracts.

Meta selects Pimco, Blue Owl for $29 billion data centre financing: Bloomberg - The Economic Times

Economic Times

Economic Times · 2m ago

Meta selects Pimco, Blue Owl for $29 billion data centre financing: Bloomberg - The Economic Times

Meta has selected investment firms Pimco and Blue Owl Capital for a $29 billion financing deal to support AI data centre projects in Louisiana. Pimco will manage $26 billion in debt, likely issued as bonds, while Blue Owl will contribute $3 billion in equity. This investment is part of Meta's significant push into developing AI infrastructure, with CEO Mark Zuckerberg focusing on building extensive AI data centres for advancements in their superintelligence unit.

Inside Good Glamm’s collapse: A timeline of how the crisis unfolded - The Economic Times

Economic Times

Economic Times · 2m ago

Inside Good Glamm’s collapse: A timeline of how the crisis unfolded - The Economic Times

The Good Glamm Group, once known for its aggressive content-to-commerce acquisitions, faces a sudden collapse as lenders enforce charges on its brands due to a cash crunch. Despite raising funds and acquiring multiple brands, financial issues forced it to sell off brands at losses and hindered operations. Key investor exits, legal disputes, and restructuring efforts marked its downfall. CEO Darpan Sanghvi plans transitional support and pledges financial contributions to settle dues and establish a restitution fund.

Account aggregator ecosystem facilitates loans worth Rs 1.6 lakh crore in FY25 - The Economic Times

Economic Times

Economic Times · 2m ago

Account aggregator ecosystem facilitates loans worth Rs 1.6 lakh crore in FY25 - The Economic Times

The Account Aggregator (AA) ecosystem, governed by the RBI, facilitated loans worth over Rs 1.6 lakh crore in FY25 through 1.89 crore accounts. NBFCs led this initiative, contributing 60% of the lending. The system allows secure data sharing via consent, with 12.73 crore Indians using it by June. As AA adoption scales up, challenges remain in integrating across sectors and improving credit monitoring to enhance financial services.

Meta's planned Louisiana AI data centre to cost $50 billion: Donald Trump - The Economic Times

Economic Times

Economic Times · 1m ago

Meta's planned Louisiana AI data centre to cost $50 billion: Donald Trump - The Economic Times

Meta is constructing a $50 billion AI data center in Louisiana to support advanced digital infrastructure, financed by PIMCO and Blue Owl Capital. The project marks a significant AI push by CEO Mark Zuckerberg through Superintelligence Labs, despite recent setbacks. President Trump mentioned this development, but Meta declined to comment on the cost. The company plans to invest heavily in AI data centers, despite challenges with its Llama 4 model and organizational changes.

Jeff Bezos says the main reason he left Amazon was to focus on Blue Origin

Business Insider

Business Insider · 1y ago

Jeff Bezos says the main reason he left Amazon was to focus on Blue Origin

Jeff Bezos left his post as Amazon CEO to dedicate more time and energy to his rocket company, Blue Origin. He stated that he wanted to add urgency and focus to the company. Bezos, who founded Amazon in 1994, stepped down as CEO in July 2021 but remained the executive chairman. He emphasized that as CEO of a publicly traded company, Amazon required his full attention, making it difficult to manage both ventures effectively. Bezos now spends most of his time at Blue Origin and claims to have never worked harder.

Jeff Bezos' Blue Origin sees third executive departure amid internal restructuring

Economic Times

Economic Times · 1y ago

Jeff Bezos' Blue Origin sees third executive departure amid internal restructuring

Blue Origin's senior vice president of operations, Mike Eilola, is leaving the company "for personal reasons." Eilola had been with the company since 2021 and was responsible for overseeing the supply chain, manufacturing, and facilities. His departure follows other recent executive changes, including plans to replace CEO Bob Smith with longtime Amazon executive Dave Limp. Blue Origin is making these changes as it competes with Elon Musk's SpaceX. The operations unit Eilola oversaw will now be split into two new organizations: manufacturing and supply chain operations, and facilities, maintenance, and security.

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