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India s warehousing boom creates winners in unexpected corners

India’s warehousing boom creates winners in unexpected corners Photo: Bloomberg April 14, 2021 Every day, Shiv Kumar sets out to work on his new Hero Splendor from Patherheri village in Haryana’s Gurugram district toward Tauru Road a long stretch just off the National Highway 48. Over the last few years, the road surrounded by fields of wheat, jowar, bajra and mustard has slowly metamorphosed into a warehousing hub, thanks to the e-tailing boom. Kumar saved up over the last three years to buy the bike. Savings entered his vocabulary after he started working with Mahindra Logistics Ltd, a third-party logistics (3PL) provider. He is a “picker”. He picks brown boxes from pallets stored inside the warehouse and loads them onto trucks for shipment. The job isn’t fancy, but it is a key position in the serpentine e-tail logistics chain. And it has changed Kumar’s life many times over.

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Mahindra Logistics allots 41,663 equity shares under RSU Plan

Mahindra Logistics allots 41,663 equity shares under RSU Plan
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Meet the newest unicorn of India — CRED

Meet the newest unicorn of India CRED CRED is the sixth startup to turn unicorn this year after insurtech startup Digit Insurance, SaaS startup InnovAccer, and NBFC Five Star Finance, social commerce platform Meesho, and B2B commerce company Infra.Market. 0 claps Yet another Indian startup enters the unicorn club. The latest entrant to the coveted $1 billion valuation club is Bengaluru-headquartered fintech startup CRED. Following the closure of its Series D funding round at $215 million, CRED s valuation almost tripled from $800 million to $2.2 billion. The round was led by a new investor Falcon Edge Capital along with existing investor Coatue Management.

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Stocks in news: Tata Steel, Adani Group, Axis Bank, Bharti Airtel and more

Stocks in news: Tata Steel, Adani Group, Axis Bank, Bharti Airtel and more Shares of Tata Steel, Adani Group, Mahindra Logistics, Bharti Airtel, Axis Bank and Panacea Biotech will be in focus in trade today BusinessToday.In | April 7, 2021 | Updated 09:29 IST Stocks to watch today: Tata Steel, Adani Group, Mahindra Logistics, Panacea Biotech, Bharti Airtel Sensex and Nifty managed to close higher in volatile trading session on April 6. Sensex closed 42 points higher at 49,201 and Nifty gained 45 points to 14,683. On year-to-date basis, Sensex has gained 3.04% or 1,450 points and Nifty has risen 5.02% or 701 points. Top gainers were Asian Paints, Sun Pharma, Dr Reddy s Laboratories, HUL shares . Top Sensex losers were PowerGrid, Ultratech Cement, Axis Bank, and IndusInd Bank falling up to 2%.

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Flipkart partners with EDEL by Mahindra Logistics to accelerate deployment of electric vehicles in its last-mile delivery

Flipkart partners with EDEL by Mahindra Logistics to accelerate deployment of electric vehicles in its last-mile delivery Posted On: 2021-04-05 21:53:21 (Time Zone: Arizona, USA) Flipkart, India s homegrown e-commerce marketplace, today announced that it has partnered with Mahindra Logistics Limited (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country. Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. Mahindra Logistics will play a significant role in working with various OEMs and help Flipkart s sustainable transition to EVs.

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