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Poland's InPost to launch eleven new logistics hubs this year

By Reuters Staff
1 Min Read
GDANSK, April 14 (Reuters) - Polish parcel locker company InPost said on Wednesday that it will launch 11 logistics hubs throughout Poland in response to growth in the courier services market.
InPost, which debuted on Euronext in Amsterdam in January, runs more than 11,000 automated parcel machines in Poland and provides courier services based on over 60 logistics centres.
The parcel business is widely used in Poland by sellers on online commerce platform Allegro.
The hubs will add more than 100,000 square meters to the company’s infrastructure, InPost also said.
“In 2020 we doubled turnover and the parcel volume we service - this year is set to be even better,” InPost Chief Executive Rafal Brzoska said in a statement. ....

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Industrials shares drop

Industrials stocks were trading in the negative zone, with the S&P BSE Industrials index falling 243.72 points or 5.67% at 4054.08 at 13:49 IST.
Among the components of the S&P BSE Industrials index, Bharat Heavy Electricals Ltd (down 11.17%), Ashoka Buildcon Ltd (down 10.78%),NBCC (India) Ltd (down 10.5%),Jaiprakash Associates Ltd (down 10.09%),Gayatri Projects Ltd (down 9.77%), were the top losers. Among the other losers were Simplex Infrastructures Ltd (down 9.75%), HEG Ltd (down 9.54%), Gati Ltd (down 9.5%), Suzlon Energy Ltd (down 9.39%), and Graphite India Ltd (down 9.17%).
At 13:49 IST, the S&P BSE Sensex was down 1741.92 or 3.51% at 47849.4.
The Nifty 50 index was down 526.6 points or 3.55% at 14308.25.
The S&P BSE Small-Cap index was down 984.39 points or 4.56% at 20612.46. ....

Suzlon Energy Ltd , Gati Ltd , India Ltd , Gayatri Projects Ltd , Jaiprakash Associates Ltd , Simplex Infrastructures Ltd , Graphite India Ltd , Ashoka Buildcon Ltd , Bharat Heavy Electricals Ltd , Capital Market , Bse Sensex , Nifty 50 , Bombay Stock Exchange , Corporate Financial Services Nec , Turbine Manufacturing , Air Freight Amp Land Based Logistics Nec , Wind Systems Amp Equipment , Construction Amp Engineering , சுஸ்லான் ஆற்றல் லிமிடெட் , கதி லிமிடெட் , இந்தியா லிமிடெட் , காயத்ரி ப்ராஜெக்ட்ஸ் லிமிடெட் , ஜெய்பிரகாஷ் கூட்டாளிகள் லிமிடெட் , சிம்ப்ளக்ஸ் உள்கட்டமைப்புகள் லிமிடெட் , கிராஃபைட் இந்தியா லிமிடெட் , அசோகா புய்ல்டுகன் லிமிடெட் ,

Industrials shares fall

Industrials stocks were trading in the negative zone, with the S&P BSE Industrials index falling 243.72 points or 5.67% at 4054.08 at 13:49 IST.
Among the components of the S&P BSE Industrials index, Bharat Heavy Electricals Ltd (down 11.17%), Ashoka Buildcon Ltd (down 10.78%),NBCC (India) Ltd (down 10.5%),Jaiprakash Associates Ltd (down 10.09%),Gayatri Projects Ltd (down 9.77%), were the top losers. Among the other losers were Simplex Infrastructures Ltd (down 9.75%), HEG Ltd (down 9.54%), Gati Ltd (down 9.5%), Suzlon Energy Ltd (down 9.39%), and Graphite India Ltd (down 9.17%).
At 13:49 IST, the S&P BSE Sensex was down 1741.92 or 3.51% at 47849.4.
The Nifty 50 index was down 526.6 points or 3.55% at 14308.25.
The S&P BSE Small-Cap index was down 984.39 points or 4.56% at 20612.46. ....

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FiberCop goes live as Italy strives to close digital divide

3 Min Read
MILAN, April 1 (Reuters) - FiberCop, created to manage Telecom Italia’s (TIM) ‘last mile’ grid and open it up to other operators, became fully operational on Thursday, as the country’s biggest phone group leads efforts to close a digital divide with the rest of Europe.
In 2019, Italy ranked 24 out of 28 European Union member states in its take-up of ultrafast internet of at least 100 megabytes, the Digital Economy and Society Index (DESI) found.
FiberCop, into which TIM transferred its copper last mile network connecting street cabinets to people’s homes and also the fiber assets from a joint venture with Fastweb, is meant to help facilitate a switch to fast fibre connectivity. ....

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Investors deliver 450 million euro financing for Spain's Glovo

By Reuters Staff
2 Min Read
FILE PHOTO: Glovo deliver rider passes by a pedestrian area in Barcelona, Spain, February 23, 2021. Picture taken February 23, 2021. REUTERS/Albert Gea
MADRID (Reuters) - Delivery app Glovo said on Thursday it had raised an additional 450 million euros ($528 million), calling it the largest financing round secured by a Spanish start-up.
Glovo, based in Barcelona, has seen demand soar during the COVID-19 pandemic, as locked-down customers turned to its quick delivery service that provides everything from food to toiletries. It currently has some 10 million users.
Glovo said it would use the funds to expand further in the 20 markets where it operates. It will also focus on its Q-commerce division as part of a goal of growing ultra-fast deliveries across the 850 cities where the app operates. ....

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