There is a major shift occurring in global markets as investors pull billions of dollars out of China's slowing economy and redirect funds to India. After years of betting on China as the biggest growth story, Wall Street firms such as Goldman Sachs and Morgan Stanley are now endorsing India...
Maersk Expands India Warehousing
To enhance its presence as a 360-degree logistics player, world's biggest shipping line Maersk acquired Hong Kong-based LF Logistics, a contract logistics company in the omnichannel B2C space, in August, for $3.6 billion. Ryan Best, Maersk’s regional head of logistics & providers for West Central Asia, said, "Maersk, including LF...
Maersk Will Increase Warehouses in India
To enhance its presence as a 360-degree logistics player, world's biggest shipping line Maersk acquired Hong Kong-based LF Logistics, a contract logistics company in the omnichannel B2C space, in August, for $3.6 billion. Ryan Best, Maersk’s regional head of logistics & providers for West Central Asia, said, "Maersk, including LF...
Maersk Will Increase Warehouses in India
To enhance its presence as a 360-degree logistics player, world's biggest shipping line Maersk acquired Hong Kong-based LF Logistics, a contract logistics company in the omnichannel B2C space, last August, for $3.6 billion. Ryan Best, Maersk’s regional head of logistics & providers for West Central Asia, said, "Maersk, including LF Logistics,...
ONGC raises US$ 300 million under ECB route
The Oil and Natural Gas Corporation (ONGC) has raised $300 million under the External Commercial Borrowing route for meeting its capital expenditure needs. "The bonds will bear a coupon of 3.375 per cent and will mature in 2029. This is the tightest coupon for 10 year or longer tenor offering...
Reliance Jio Sells 60 Million Smart Feature Phones in India
In India, first-time internet consumers are connecting to the web on gadgets that only cost about $20. These inexpensive smart feature phones have physical keypads that are easier to adapt to, than touch screens for those new to mobile phone technology. They provide some basic apps and internet access in...