71,406 tonnes of cargo transported from BLR Airport

Kempegowda International Airport, Bengaluru (KIAB/ BLR Airport) played a stellar role during the pandemic, facilitating shipment of ~71,406 Metric Tonnes (MT) of Cargo, including 6,194 MT of perishables and 2,300 MT of pharma supplies between April and July 2020. During this period, BLR Airport’s Cargo market share rose to 15.3% from 11.2%. While international Cargo.

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Embassy group looking to monetise warehousing biz at a value of Rs 2,000 cr

Leading realty firm Embassy group is exploring various options to monetise its warehousing and industrial parks business at an enterprise value of Rs 1,700-2,000 crore, sources said. Bengaluru-based Embassy group, which had in 2015 formed a joint venture with private equity firm Warburg Pincus to build industrial parks, is in talks with few potential buyers to monetise.

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CONCOR tumbles after weak Q1 show

Container Corporation of India (CONCOR) slumped 13.5% to Rs 394 after the company’s consolidated net profit dropped 78% to Rs 49.29 crore in Q1 June 2020 over Q1 June 2019. Net sales for Q1 June 2020 stood at Rs 1194.20 crore, fall 28% compared with Rs 1654.76 crore in Q1 June 2019. The result was.

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NDB-Maersk partner to help exporters tap new global market opportunities

National Development Bank (NDB) recently signed a memorandum of understanding (MOU) with Maersk, under NDB’S novel ‘Jayagamu Sri Lanka’ initiative, as a means to support exporters and to benefit exporters with services and expertise in the shipping sector. Expressing his views, NDB Bank Vice President SME, Middle Markets and Business Banking Indika Ranaweera said, “Developing.

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West Bengal eyes 5 logistics hubs

The Bengal government is working on an integrated logistics sector development policy and expects to roll it out in the next few months. It will be among very few states to have such a policy and the government feels this will be a sunrise sector for Bengal, which shares three international borders and has 10.

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