Ecommerce cos step up diversity hiring for supply chain roles
Ecommerce companies like Flipkart, Meesho, and Jumbotail are fixing the gender balance in supply chain roles through various initiatives. These include creche facilities, gender-balanced sourcing, partnerships with womens campuses, and training programs. Recruitment firms have seen a surge in demand for female talent. Key Points
Economic TimesStyle by design: Jewellers love this chain male
The Cuban link chain has a thick texture. It is interlocked in a unique pattern to accentuate the links. The chain is said to be synonymous with the hip-hop culture of the 1970s and made popular by DJ Kool Herc while hosting hip-hop block parties in the Bronx. Key Points
Economic TimesTVS Supply chain Solutions sells Circle Express for Rs 21 crore
New Delhi, Sep 29 (PTI) TVS Supply chain Solutions Ltd on Friday said its wholly-owned arm RICO Logistics Ltd has sold the entire stake in subsidiary Circle Express Ltd, UK, for 2.1 million pounds (about Rs 21.32 crore). The move is designed to boost the company’s profitability and sharpen its focus on core offerings to […] Key Points
ThePrintTVS Supply chain Solutions shares list at 5% premium over IPO price
Although TVS Supply chain Solutions is a leading supply chain management company, it operates in a highly competitive industry and has reported losses in the past two years. Additionally, the valuation of the IPO was also very high, said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart. Key Points
Economic TimesTVS Supply chain IPO: What GMP signals as process for share listing begins
TVS Supply chain IPO listing is likely to take place on August 23, Wednesday. A notice on BSE said that the shares of TVS Supply chain Solutions shall be listed in due course. Key Points
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Radhakishan Damani buys Health & Glow for ₹750 cr
According to corporate shareholding data available till June 2023, Damani, Damani publicly holds 14 stocks with a net worth over ₹166,949.6 crore with the largest being VST Industries where he is the single largest shareholder and India Cements, where his 21% ownership makes him the single largest public (non-promoter group) investor. Apart from being an investor in His other retail sector exposure is in Trent, the chain backed by Tata Group. Key Points
Economic TimesTemasek may close deal with Ranjan Pai for Manipal Health within 4 weeks
The transaction will consummate only after a nod from the Competition Commission (CCI), they said. Pai currently holds a 51% in MHE, followed by 20% by PE fund TPG Group, 18% by Temasek, 10% by National Investment & Infrastructure Fund (NIIF) and 1% by employees. Key Points
Economic TimesTVS Supply chain IPO: What does the latest GMP signal as focus shifts to allotment
The basis of allotment of TVS Supply chain IPO shares is expected to be finalised on August 18, Friday. The company will then initiate refunds on August 21 and credit the shares to the demat accounts of eligible investors on August 22. Key Points
mintTVS Supply chain IPO: Issue subscribed 1.03 times on day 2 ; retail portion booked over 3 times
TVS Supply chain IPO subscribed 1.03 times on day 2, with retail investors showing strong interest. Key Points
mintETPWLA 2023: Announcing the nominees for the Operations Leader of the Year Award
As we await the curtain raiser to the much-anticipated ETPrime Women Leadership Awards (ETPWLA) 2023 Grand Finale, the Economic Times is thrilled to announce the final contenders for the coveted Operations Leader of the Year Award. These exceptional women leaders have established groundbreaking standards and accomplished extraordinary milestones in the realm of operational excellence and management over the past year. Key Points
Economic Times
TVS Supply chain shares to list on Wednesday. What GMP signals
The qualified institutional buyers (QIB) portion was subscribed 1.35 times, while the non-institutional investor (NII) segment was subscribed 2.35 times. The retail individual investor category saw bids for 7.61 times the shares set aside for them. The issue was sold in the price band of Rs 187-197 per share Key Points
Economic TimesTVS Supply chain Solutions makes a muted debut; shares list with 5% premium at ₹207.05 apiece on NSE
On BSE, TVS Supply chain Solutions shares were listed at 4.72% premium to the issue price at ₹206.30 apiece. Key Points
mintchain snatcher who struck only on Sundays gets 4-year RI in six cases
A 35-year-old man in Mumbai has been sentenced to four years' rigorous imprisonment in six different cases of chain snatching. The accused, Shekhar Shinde, targeted women wearing gold chains on Sundays when they were out with their families. He stole a total of 66 grams of gold worth around Rs 4.10 lakh. The sentencing aims to deter other criminals and send a message to society. Key Points
Times Of IndiaTVS Supply chain IPO: Issue subscribed over 2 times on day 3 so far; retail investors steal the show
TVS Supply chain IPO subscribed 2.78 times on day 3 so far, receives overwhelming response from retail investors. Key Points
mintHigh school student, who licked sushi chain's soy sauce bottle in Japan, sued for $480,000
Japan's sushi chain has sued a teenager after a viral video in January showed him licking a soy sauce bottle and a cup before placing them back among communal items. The restaurant chain has claimed the video affected its business and also contributed to the emergence of the term "sushi terrorism". Key Points
India Today
Proposed supply chain agreement under IPEF to help India mitigate risks of economic disruptions
The agreement would help India to reduce its dependence on China. The pact also assumes significance as the COVID outbreak had severely disrupted the global supply chain as most of the countries were dependent on China for various products, like pharma raw materials. IPEF was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23 last year in Tokyo. Key Points
Economic TimesSiddhartha Sanyal on significance of India-EFTA deal
The free trade agreement between India and four European nations is significant as India's position in the global supply chain improves. More agreements are expected due to the urgency caused by the China plus one policy. India's large market makes it an attractive partner, and India is confident in taking on global competition and playing at a global scale. Key Points
Economic TimesDomino’s, Pizza Hut and other pizza chains cut rates as small rivals slice up market
Domino's sent messages to its subscribers last week alerting them about an epic price drop on large pizzas . The pizza chain said prices of vegetarian large pizzas have been reduced from Rs 799 to Rs 499, and that of non-veg large pizzas from Rs 919 to Rs 549. Pay less, get more, the company said in the messages. Key Points
Economic TimesThe Auto Strike Threatens a Supply chain Already Weakened by Covid
A prolonged autoworker strike would be especially painful for smaller players inside the complex auto supply chain. It could also impact thousands more workers and push up car prices. Key Points
WIREDTVS Supply chain IPO allotment on Friday; Latest GMP, here's how to check allotment status
TVS Supply chain Solutions IPO allotment date is on Friday, August 18. IPO listing date is on Wednesday, August 23. Key Points
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How India is trying to build a crucial part of its chip-making project
The new incentive plan -- which is likely to be launched at the start of the next fiscal year -- will have a corpus of Rs 10,000 crore, ET has reported. It will be an updated version of the current Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS). Key Points
Economic TimesTVS SCS bags contract from the UK Ministry of Defence for supplying spare parts for Land Rover
The Land Rover Wolf fleet has been in service with the UK MOD since the mid-1990s. TVS SCS along with the Post Design Services contractor, will continue to address to support the availability and upkeep of the platform. Key Points
FinancialexpressPoshn launches new platform in food and agriculture segment
Poshn, an agri-trading platform, has launched Poshn Nucleus, a technology platform to match a buyers procurement demands with the most likely fulfilment partner. The company aims to onboard more than 300,000 wholesale small and medium-sized enterprises sellers on the platform within the next year. The proprietary technology uses machine learning, data, and analytics to distribute commodities and will enable reverse auctioning, order and payment processing, logistics optimisation and traceability across the value chain. Key Points
Economic TimesHow MSMEs can leverage data analytics in logistics to optimize operations, reduce costs
Technology for MSMEs: The MSME movement is focused on expansion. They have the biggest challenge in terms of achieving growth because of their inability to provide the product to the appropriate person at the appropriate time. Key Points
FinancialexpressEV push in Budget to give fillip to warehousing & logistics sectors
The government's emphasis on electric vehicles (EVs) in the recent budget is expected to have a transformative impact on the country's industrial landscape. The push for EV manufacturing, charging infrastructure, and incentives aligns with the 'Make In India' program and aims to create a robust EV industry. This move is expected to not only reshape the automobile industry but also fuel demand for new storage, distribution, and logistics facilities. The intricate logistics involved in the EV supply chain will drive the need for strategically located and advanced warehouses to support the growing EV market. Key Points
Economic Times
TVS Supply chain Solutions IPO opens. Should you subscribe?
The issue is priced at 10.5 times based on its NAV of 18.89 as of March 2023 and with good legacy parentage, tech-enabled and process-driven solution company and retirement of debt from IPO proceeds to improve net margins, we recommend a Subscribe to the issue for long term rewards, said Reliance Securities Key Points
Economic TimesDash blockchain faces halt for hours while activating Dash Core v19 hard fork
Reportedly, the chain was paused by the release and subsequent withdrawal of Dash Core v18.2.0 Key Points
FinancialexpressTVS Supply chain IPO allotment expected today, what does GMP signal?
TVS Supply chain IPO share allotment expected today, listing date set for August 23. IPO GMP at +0.50. Key Points
mintIndia playing crucial role in advanced manufacturing: N Chandrasekaran
The Tata Sons chairman noted that companies are adjusting their supply chains to achieve a balance between resilience and efficiency. Additionally, Chandrasekaran emphasized the emergence of new global supply chain ecosystems, with India assuming a significant position in advanced manufacturing. Key Points
Economic TimesAfter 3 chain snatching cases in 4 days, police nab 2 snatchers & a jeweller
The accused snatched chains from three women in different areas of Rajajipuram. The CCTV footage of one of the incidents went viral on social media. Key Points
Hindustan Times
Ola Plans To Build World's Largest Electric Vehicle Hub In Tamil Nadu
India's Ola Electric Mobility Pvt. plans to build what it says will be the world's largest electric vehicle hub with an investment of 76.1 billion rupees ($920 million) to localize the supply chain for cleaner transport. Key Points
NDTV.comIt was full budget for some: 7 mid and smallcap stocks from fisheries, animal husbandry sector
While it was an interim budget with no change in taxation laws and many other parts, for some sectors it was literally a full budget. The reason, the announcements made for them were pretty similar to what has been done in the past when a full budget is presented. So, when an announcement about fisheries, animal husbandry or rural housing is made, the companies in the whole chain will get impacted in a similar manner had these announcements been made in a full budget. From an perspective of investing what needs to be realized is that in the last couple of years, there has been an effort on the policy level that other parts of the rural economy which are not agricultural related get the boost. Given the fact that it is not an easy task to change the rural income matrix, it might take some time for them to get reflected in the bottomline and not every company in the chain would be able to do it also. Key Points
Economic TimesJaishankar highlights broadening partnership at 6th India-Japan Indo-Pacific Forum
India-Japan's External Affairs Minister, S. Jaishankar, highlighted the growing partnership between the two countries at the 6th India-Japan Indo-Pacific Forum. The partnership includes various initiatives such as the Quad, supply chain resilience initiative, clean energy partnership, semiconductor supply chain partnership, and the Indo-Pacific Economic Framework for Prosperity (IPEC). Key Points
Economic TimesDense 'super fog' leaves seven dead, over 25 people injured in New Orleans
A thick veil of super fog descended upon the vibrant city of New Orleans on Monday, shrouding it in an otherworldly mist that led to a chain of catastrophic car crashes, claiming seven lives and leaving more than 25 individuals injured. This surreal meteorological event unfolded on the iconic Interstate 55, situated just northwest of the city, near the break of dawn on a fateful Monday morning. Key Points
Economic TimesTVS Supply chain IPO allotment today; Latest GMP, here's how to check allotment status
TVS Supply chain IPO allotment today; listing on August 23. Grey market premium at +0.50 as on Thursday Key Points
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Ashok Leyland enters pact with IDBI Bank to offer financial solution to dealers
Ashok Leyland has signed a Memorandum of Understanding with IDBI Bank Ltd. to offer customised financial solutions to its dealers. Key Points
The HinduElectrifying portfolio! 4 stocks from consumer space with upside potential of up to 34 %
While every industry faced supply chain issues in covid, one segment of consumer durable industry had more headwinds to deal with. Right from supply chain disruption to increased raw material prices in the post covid word and now higher inflation. However, after facing all the headwinds, some tailwinds are emerging. Will this bring them back in focus ? Key Points
Economic TimesIndia to chip in after pact with US, may fill world's semiconductors gap
India and the US on Friday inked a memorandum of understanding (MoU) on semiconductor supply chain and 'innovation partnership'. This could help India realise its long-nurtured dream of becoming a hub for electronic goods. Key Points
India TodayVideo: Ghaziabad woman filming reel on road falls prey to chain snatcher
A video showing a woman, filming a reel on a road, who later becomes victim to chain snatching has gone viral. The incident took place in broad daylight in Ghaziabad in Uttar Pradesh. Key Points
India TodayEV ecosystem is equally important if not more: 4 auto ancillary stocks with upside potential of up to 32%
It might surprise some, but years before a new car or motorcycle is launched, automakers go in huddle with their backend supplier to finalize the supply chain management of components which will go in that new car or the bike. Until the component supply chain is not planned and perfected, things are not taken forward. Such is the importance of the backend component supplier which are more commonly known as auto ancillary units. Now there is a major transition taking place in the Automobile sector with EV coming close to that inflection point. So a transition is bound to take place in the auto ancillary sector. Key Points
Economic Times
With AI, smartphone will become even smarter: JB Park, president and CEO, Samsung Southwest Asia
India is the most strategic market for Samsung. Smartphone or consumer electronics penetration is still not 100%. So that is going to be the number one priority-how do we reach out to consumers who still do not have a refrigerator or TV or washing machine. The mobile phone is almost penetrated at 85%, I believe, but it will evolve in a different direction where premiumisation will kick in, a mass of under-₹15,000 users will now migrate up to ₹25,000, then ₹40,000 price point, says JB Park. Key Points
Economic TimesDBS Bank, Infor Nexus join hands to enable pre-shipment finance for SMEs
DBS Bank has partnered with Infor Nexus to aid small and medium-sized enterprise suppliers with pre-shipment financing, the companies said on Friday. The offering will use data from the Infor Nexus platform, a supply chain ecosystem, to provide data-based lending solutions. Suppliers will be able to use enhanced cashflows to fulfil orders before products are shipped. Key Points
Economic TimesU.S. fast-food chains add automation to boost speed
From robotic grills to faster blenders with custom ice and milk dispensers, major U.S. restaurant chains including Starbucks , Domino's (DPZ.N), and Chipotle (CMG.N) are touting new technologies to automate production, cut labor costs and potentially boost profit margins. Key Points
ReutersSupply chain challenges to hit aircraft deliveries for Indian airlines: Report
Indian airlines are facing supply chain challenges and engine failure issues, potentially impacting aircraft deliveries to domestic airlines. The country has a total order book of around 1,700 aircraft, more than double the current fleet size. Icra predicts gradual deliveries over the next decade, influenced by supply chain issues and OEMs. Key Points
Economic Times'For aviation industry, India is the new China as international travel rebounds'
The International Air Transport Association (IATA) has doubled its estimate for global net profit in 2023 as increased flying drives up ticket prices. However, the organisation acknowledges numerous risks including rising interest rates to combat inflation and supply chain issues. The IATA predicts that demand for global air travel will reach 96% of pre-pandemic levels by 2023 with over 4.35 billion passengers travelling that year. Key Points
Economic Times
WayCool signs MoU with CWC for distribution of its agri-input portfolio
Under the MoU, WayCool will utilize six state-of-the-art facilities located across South India, along with additional facilities to be set up in key locations. CWC will provide dedicated warehousing and incidental services, including pest control, handling and transportation, inventory management, and e-NWR based trading services to WayCool. Key Points
Economic Times