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News on Medial
DMRC, Blue Dart ink MoU to provide urban logistics service
YourStory
·
4m ago
Medial
Delhi Metro Rail Corporation (DMRC) and Blue Dart have partnered to provide an innovative urban logistics service, pioneering a model in South Asia Pacific. This collaboration involves transporting cargo via metro trains during non-peak hours, reducing road transport dependency, easing congestion, and curbing emissions. It aims to bolster operational efficiency, shorten delivery timelines, and repurpose metro premises into logistics hubs, integrating sustainability and innovation for greener, efficient urban freight solutions in Delhi-NCR.
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Blue Dart begins drone deliveries in partnership with Skye Air
Inshorts
·
1y ago
Medial
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.
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Blue Dart rebrands its service to ‘Bharat Dart’ amid India versus Bharat debate
Livemint
·
1y ago
Medial
Blue Dart, a logistics company in India, has rebranded itself as "Bharat Dart" in a move that aligns with the use of "Bharat" as an alternative name for India. The rebranding aims to redefine express logistics services in India, offering enhanced speed, coverage, and support for businesses. The change follows Prime Minister Narendra Modi's use of "Bharat" during the G20 summit, sparking speculation about a potential shift from "India" to "Bharat" as the official name.
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'Logistics sector shows signs of growth in Q3FY24, volume growth to set pace'
Livemint
·
1y ago
Medial
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.
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DTDC Partners Skye Air Mobility For Drone Delivery Of Parcels
Inc42
·
11m ago
Medial
DTDC made its first successful drone delivery from Bilaspur to Gurugram Sector 92, completing a 7.5 km journey in just 3-4 minutes. This is the beginning of DTDC's drone delivery service, with plans to expand to other locations in India. Competitor Blue Dart has also started drone deliveries in partnership with Skye Air.
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Delhivery, VRL Logistics, Blue Dart Express, TCI Express: Target prices for logistics stocks
Business Today
·
3m ago
Medial
Emkay Global predicts mixed quarterly results for logistics firms amid increased competition, despite strong B2B growth indicated by a 20% rise in GST e-way bill volumes. Delhivery forecasts 20% PTL revenue growth, with a target price of Rs 400 and 10% overall revenue growth. TCI Express's muted forecast led to a downgrade and a 26% target price cut to Rs 650. VRL and Blue Dart hold BUY ratings with positive outlooks.
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Delhivery Dissolves Its UK Subsidiary, Parent Firm Remains 'Unaffected'
OutlookIndia
·
1m ago
Medial
Delhivery, a logistics company, has dissolved its UK-based subsidiary, Delhivery Corp, as part of a planned liquidation process. The company stated that this move will not impact its financials since the subsidiary was not a significant contributor to revenue. Delhivery, founded in 2011, competes with firms like Blue Dart and Amazon Shipping. The company reported a net profit and revenue growth in the quarter ending FY25, with plans to acquire Ecom Express.
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Ministry of Labour & Employment signs MoU with Rapido for strengthening employment linkages in logistics sector
Economic Times
·
2m ago
Medial
The Ministry of Labour & Employment and Rapido signed an MoU to enhance employment in the logistics sector via the National Career Service (NCS) portal. This agreement aims to provide 50 lakh jobs within 1-2 years, benefiting over five crore registered job seekers on the NCS platform. The collaboration emphasizes accessibility, inclusivity, and innovation, with a focus on women's employment and flexible arrangements. Real-time job posting and application tracking will be facilitated through API integration.
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Adani, MG Motor India Ink Pact To Boost EV Charging Network
Inc42
·
1y ago
Medial
Adani TotalEnergies E-Mobility, a subsidiary of Adani Total Gas, has signed an MoU with MG Motor India to strengthen the electric vehicle charging infrastructure in the country. As part of the partnership, ATEL will install CC2 60 kW DC chargers at MG dealerships and provide a comprehensive solution for charging infrastructure. The two companies will also explore the integration of public charging stations across platforms and introduce a digital platform for a seamless customer experience. This collaboration reflects their commitment to sustainable mobility and aims to empower Indian consumers to embrace electric mobility.
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Outlook Start-Up - Latest news on Start-ups, Tech Start-ups, Unicorns, Investors, VC Funds, IPO, Venture Capital, Funding Winter, Funding, and AI
OutlookIndia
·
1m ago
Medial
Uber is collaborating with India's Open Network for Digital Commerce (ONDC) to enhance its metro ticketing and logistics services. This strategic move aims to streamline and expand Uber's service offerings in the Indian market, reflecting the company's adaptive strategies to local demands. By integrating with ONDC, Uber plans to provide a more efficient and user-friendly riding and ticketing experience, potentially broadening its customer base and improving access to urban transport solutions.
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It's raining investments: Pegatron, Tata Electronics, others ink pacts worth over Rs 30,000 cr with Tamil Nadu Govt
Economic Times
·
1y ago
Medial
Tata Electronics is set to sign a memorandum of understanding (MoU) worth ₹12,000 crore with the Tamil Nadu government. The MoU aims to establish an electronic manufacturing cluster in Krishnagiri district, generating employment opportunities for the local population. This initiative is part of the government's efforts to promote electronics manufacturing in India and boost the country's self-reliance in the sector.
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