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Flipkart allies with Adani Group to lift supply chain: E-commerce sees an uptick trend


 
Adani Group, mainly known for port projects in Goa, Gujarat, Chennai, Andhra Pradesh, Odisha, Maharashtra Kerala and Tamil Nadu etc, has made an addition to its logistics portfolio through a new deal with Flipkart. The partnership is expected to strengthen the e-commerce player s supply chain infrastructure.
The recent EY-IVCA India Trend Book 2021 report reveals that India s e-commerce sector is expected to reach $99 billion by 2024. It also cites the pandemic as a catalyst for this positive trend since the need to maintain social distance in the new normal has prompted consumers to shop more from online platforms. Accordingly, brands too have revolutionised the way they operate. ....

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CCI approves Adani Ports' 89.6% stake buy in Gangavaram Port


CCI approves Adani Ports 89.6% stake buy in Gangavaram Port
GPL, located in the northern part of Andhra Pradesh next to Vizag Port, is the second largest non-major port in Andhra Pradesh with a 64 MMT capacity.
BusinessToday.In | April 13, 2021 | Updated 20:24 IST
On March 23, Adani Ports had said it would acquire 58.1 per cent stake held by DVS Raju and family in GPL for Rs 3,604 crore.
The Competition Commission of India (CCI) on Tuesday approved the acquisition of 89.6 per cent stake in Gangavaram Port Ltd (GPL) by Adani Ports and Special Economic Zone Ltd.
On March 23, Adani Ports had said it would acquire 58.1 per cent stake held by DVS Raju and family in GPL for Rs 3,604 crore. Earlier in the month, the company had announced acquisition of 31.5 per cent stake held by Windy Lakeside Investment Limited, an affiliate of Warburg Pincus, in GPL for Rs 1,954 crore. Together, both the transactions would take Adani Ports stake in GPL to 89.6 per cent. ....

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HOT PORT NEWS from GAC | Hellenic Shipping News Worldwide

Installation of sinkers off Marina Barrage Monday, April 12, 2021, Singapore From 3 May to 31 October, work to install sinkers will be conducted off Marine Barrage. According to the Maritime and Port Authority of Singapore Port Marine Notice No.026 of 2021, the works will be carried out between 0700 and 1900 daily – including . ....

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