Tag
Logistics
5 articles
Consolidation and expansion are defining trends in the Indian logistics sector. Velox Shipping is strategically bolstering its operational capacity through acquisitions of Seaman Logistics and Divinus Express, aiming to strengthen its market position with combined revenues exceeding ₹65 crore. Simultaneously, VRL Logistics faces a revised compensation order from the Supreme Court, increasing the financial burden related to a prior legal case. These developments suggest a dynamic competitive landscape where strategic M&A activity is occurring alongside increased legal scrutiny, potentially impacting profitability and investment decisions within the industry.
Majha Transport vs DHL Logistics NCLAT Hearing Adjourned
NCLAT grants DHL Logistics one week extension to file written submissions in insolvency appeal.
Case involves Majha Transport LLP as appellant versus DHL Logistics Pvt. Ltd. as respondent.
Final heari
ICICI Prudential Crosses 5% Stake in CONCOR
ICICI Prudential Mutual Fund disclosed a net acquisition of 44.06 lakh CONCOR shares on June 30, 2026.
The fund's total holding increased from 4.67% to 5.24% of CONCOR's paid-up capital, crossing the
Sical Logistics Executes ₹115 Crore Axis Bank Loan
Sical Logistics executed term loan and working capital agreements totaling ₹115 crore with Axis Bank on July 2, 2026.
Term loan of ₹85 crore at 9.25% interest for 9 years will refinance existing Adity
Indian Railways June Freight Up 4%, Passenger Traffic Grows
Indian Railways freight loading grew 4% YoY to 142.21 million tonnes in June 2026, generating ₹430 crore additional revenue.
Passenger traffic reached 63.81 crore passengers with 3.9% growth in non-su
NECC Director Acquires 12% Stake in SG Green Logistics
NECC discloses promoter-director Utkarsh Jain's personal acquisition of 12% stake in SG Green Logistics for ₹35.99 crore.
The transaction is explicitly stated as having no material impact on NECC's op