Logistics News
Wellington Management may lead Porter’s $100 million round in logistics push
Porter entered the unicorn club after completing an internal round, where individuals bought shares from the employee stock ownership plan (ESOP) pool at a valuation of $1 billion last year.
2 min read15 Apr 2025ESR, Xander to sell their warehousing assets in India as industrial demand soars
ESR India, a joint venture between Hong Kong-based ESR Group and Germany’s Allianz Real Estate, is a prominent logistics and industrial real estate firm with around 10 million sqft of warehousing assets across cities in the country.
2 min read11 Apr 2025Delhivery’s in a rush for its fledgling rapid commerce business to begin running
Delhivery is charting plans to expand its new rapid commerce service—currently operational in Bengaluru, Hyderabad, and Chennai—to Jaipur, Chandigarh, and Ahmedabad. But its strategy in these smaller cities may differ.
3 min read26 Mar 2025Maersk says will invest $5 billion in India, but conditions apply
Nearly 80% of this investment is contingent upon two factors - an extension of Maersk’s concession for operating the Pipavav port and it winning a competitive bid to develop a terminal at the upcoming Vadhavan port. Maersk will also invest in developing ‘landside’ infrastructure in India.
2 min read28 Feb 2025India plans its own shipping fleet; wants to provide assured demand for ships built in the country from state-run firms
India is working on an ambitious plan to provide assured demand for ships built in the country from various state-owned entities and departments as it looks to incentivise investments in creating large shipbuilding facilities in the country.
4 min read25 Feb 2025Ecom Express pauses IPO plans, offloads 500 employees to cut costs
Ecom Express faces stiff challenge from rivals such as Delhivery and XpressBees, which have their own fleets and also offer other services, including business-to-business logistics.
2 min read11 Feb 2025Delhivery expects rapid commerce business to generate ₹80-100 crore by fiscal end
Delhivery’s profit after tax zoomed 114% year-on-year to ₹25 crore in the December quarter, marking its third consecutive profitable quarter.
2 min read10 Feb 2025Delhivery shares slip 5% to hit all-time low after Q3 earnings miss estimates
Delhivery shares fell 5% to ₹299.80, marking a record low after missing Q3 estimates. The decline is attributed to a slowdown in logistics, increased competition, and rising costs. JM Financial lowered its target price to ₹380 while maintaining a ’buy’ rating.
3 min read10 Feb 2025VRL Logistics share price surges 20% to hit upper circuit on Q3 boost; what should you do?
VRL Logistics’ share price surged 20% to ₹559.50 after strong buying interest on February 6, following its December quarter results. Despite this increase, the stock has fallen over 23% in the past year, hitting a 52-week low of ₹432.45 recently.
2 min read6 Feb 2025Multibagger small-cap stock Tiger Logistics jumps up to 8% after Q3 results 2025
Stock Market today: Tiger Logistics reports a remarkable 27.8% YoY increase in TEU volumes for Q3 FY25, driving its stock price up by 8%. With net profits more than doubling, the small-cap stock is proving to be a Multibagger investment since early 2022
1 min read4 Feb 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared